Cameco Co. (NYSE:CCJ) Shares Acquired by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 280.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,625 shares of the basic materials company’s stock after purchasing an additional 22,575 shares during the period. Heritage Wealth Management Inc.’s holdings in Cameco were worth $1,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA acquired a new position in shares of Cameco in the second quarter valued at approximately $73,125,000. M&G PLC acquired a new position in Cameco in the 3rd quarter valued at $66,227,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Cameco during the 1st quarter worth $31,131,000. King Luther Capital Management Corp acquired a new stake in shares of Cameco during the second quarter worth $32,740,000. Finally, Van ECK Associates Corp grew its position in shares of 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 purchasing an additional 515,046 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.6 %

Shares of CCJ traded down $0.31 during mid-day trading on Friday, reaching $53.27. 287,862 shares of the stock traded hands, compared to its average volume of 4,395,236. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 124.63 and a beta of 0.89. The stock has a fifty day simple moving average of $48.03 and a 200 day simple moving average of $48.15. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Sell-side analysts expect that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s dividend payout ratio is 18.60%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Scotiabank decreased 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. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. Finally, National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.