Nicola Wealth Management LTD. Has $2.17 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Nicola Wealth Management LTD. raised its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 46.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,500 shares of the basic materials company’s stock after acquiring an additional 14,500 shares during the period. Nicola Wealth Management LTD.’s holdings in Cameco were worth $2,174,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCJ. Envestnet Portfolio Solutions Inc. bought a new position in shares of Cameco in the 1st quarter valued at $232,000. Susquehanna Fundamental Investments LLC bought a new stake in Cameco during the 1st quarter worth $295,000. US Bancorp DE grew its position in Cameco by 3.0% during the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company’s stock worth $1,167,000 after acquiring an additional 773 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Cameco by 15.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company’s stock worth $1,397,000 after acquiring an additional 4,249 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Cameco during the 1st quarter worth $31,131,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 1.5 %

CCJ stock traded up $0.77 during trading on Thursday, reaching $53.75. 945,427 shares of the stock were exchanged, compared to its average volume of 4,402,798. The firm’s 50 day moving average is $49.10 and its 200 day moving average is $48.27. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $23.39 billion, a P/E ratio of 283.49 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last posted 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 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 analyst estimates of $646.83 million. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. Cameco’s dividend payout ratio is 47.37%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank reduced their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One 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 stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of $66.56.

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.