Cameco Co. (NYSE:CCJ) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,324 shares of the basic materials company’s stock after selling 1,021 shares during the period. D.A. Davidson & CO.’s holdings in Cameco were worth $2,929,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its holdings 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 purchasing an additional 238 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Cameco in the first quarter worth about $26,000. First Horizon Advisors Inc. grew its stake in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock valued at $46,000 after buying an additional 550 shares during the period. Finally, Blue Trust Inc. lifted its position in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research reissued a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Price Performance

CCJ opened at $59.47 on Friday. 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 Co. has a 1-year low of $35.43 and a 1-year high of $60.98. The company has a 50-day moving average of $53.36 and a 200-day moving average of $48.95. The company has a market capitalization of $25.88 billion, a P/E ratio of 313.00 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same quarter last year, the firm posted $0.24 earnings per share. Cameco’s revenue was up 25.4% compared to the same quarter last year. Equities analysts expect that Cameco Co. will post 0.51 EPS for the current fiscal 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 $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s dividend payout ratio (DPR) is 57.89%.

Cameco 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.