RPg Family Wealth Advisory LLC Acquires Shares of 2,000 Cameco Co. (NYSE:CCJ)

RPg Family Wealth Advisory LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,000 shares of the basic materials company’s stock, valued at approximately $96,000.

Several other large investors have also recently bought and sold shares of the company. LRI Investments LLC acquired a new position in shares of Cameco in the first quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. increased its position in Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in shares of Cameco by 130.6% during the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 642 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $57.81 on Thursday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $60.98. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $25.16 billion, a PE ratio of 304.28 and a beta of 0.89. The stock’s fifty day simple moving average is $52.73 and its two-hundred day simple moving average is $48.81.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. As a group, analysts forecast that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 47.37%.

Analyst Ratings Changes

Several research analysts have commented on the company. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, Glj Research reaffirmed a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.