iA Global Asset Management Inc. Purchases Shares of 111,080 Cameco Co. (NYSE:CCJ)

iA Global Asset Management Inc. acquired a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 111,080 shares of the basic materials company’s stock, valued at approximately $5,305,000.

Several other large investors have also recently modified their holdings of the company. Telemark Asset Management LLC grew its holdings in 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 worth $62,088,000 after purchasing an additional 100,000 shares during the last quarter. Moody Lynn & Lieberson LLC acquired a new stake in shares of Cameco in the 3rd quarter worth $1,680,000. Swiss National Bank grew its stake in Cameco by 0.9% during the 3rd quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock worth $62,892,000 after buying an additional 11,600 shares during the last quarter. Country Club Bank acquired a new position in Cameco during the 3rd quarter valued at about $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 during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

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

Cameco Trading Down 0.1 %

NYSE CCJ opened at $61.06 on Friday. 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 current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $26.57 billion, a PE ratio of 321.39 and a beta of 0.91. The company has a fifty day moving average of $54.64 and a 200 day moving average of $49.22.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million during 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 quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 EPS. Research analysts forecast that Cameco Co. will post 0.51 earnings per share for the current year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a $0.118 dividend. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco’s payout ratio is presently 63.16%.

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.