Fiduciary Trust Co Has $976,000 Position in Cameco Co. (NYSE:CCJ)

Fiduciary Trust Co lifted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,443 shares of the basic materials company’s stock after buying an additional 1,086 shares during the period. Fiduciary Trust Co’s holdings in Cameco were worth $976,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CCJ. Telemark Asset Management LLC raised its holdings in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after acquiring an additional 100,000 shares in the last quarter. Moody Lynn & Lieberson LLC bought a new stake in shares of Cameco during the 3rd quarter worth approximately $1,680,000. Tidal Investments LLC boosted its holdings in shares of Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after buying an additional 2,683 shares during the last quarter. Swiss National Bank grew 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 buying an additional 11,600 shares in the last quarter. Finally, Country Club Bank acquired a new position in Cameco during the third quarter worth $2,093,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

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

Cameco Trading Up 2.9 %

Shares of CCJ stock opened at $59.47 on Friday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $60.98. The firm has a 50 day moving average price of $53.36 and a two-hundred day moving average price of $48.95. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $25.88 billion, a PE ratio of 313.00 and a beta of 0.89.

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 (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, analysts predict that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a $0.118 dividend. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is 57.89%.

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.