Cameco Co. (NYSE:CCJ) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,905,831 shares of the basic materials company’s stock after acquiring an additional 517,836 shares during the period. Wellington Management Group LLP owned approximately 0.44% of Cameco worth $91,112,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Telemark Asset Management LLC raised its stake in shares of Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after acquiring an additional 100,000 shares in the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Cameco in the third quarter valued at $1,680,000. Swiss National Bank raised its stake in shares of Cameco by 0.9% in the third quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock valued at $62,892,000 after acquiring an additional 11,600 shares in the last quarter. Country Club Bank acquired a new stake in shares of Cameco in the third quarter valued at $2,093,000. Finally, Van ECK Associates Corp raised its stake in Cameco by 48.1% in the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock valued at $75,691,000 after buying an additional 515,046 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ stock opened at $56.42 on Wednesday. The stock’s 50-day moving average is $54.83 and its two-hundred day moving average is $49.24. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 296.95 and a beta of 0.91. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the previous year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. Analysts predict that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.118 per share. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of analyst reports. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research restated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Company Profile

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.