Dantai Capital Ltd Raises Holdings in Cameco Co. (NYSE:CCJ)

Dantai Capital Ltd increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 44.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,260 shares of the basic materials company’s stock after purchasing an additional 17,560 shares during the period. Cameco makes up 3.5% of Dantai Capital Ltd’s investment portfolio, making the stock its 10th largest holding. Dantai Capital Ltd’s holdings in Cameco were worth $2,735,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CCJ. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% during 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 acquiring an additional 238 shares in the last quarter. Pingora Partners LLC bought a new position in Cameco during the 3rd quarter valued at $33,000. First Horizon Advisors Inc. lifted its stake in Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Cameco during the 3rd quarter valued at $38,000. Finally, LRI Investments LLC lifted its stake in Cameco by 39.0% during the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 234 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CCJ. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Scotiabank decreased their target price on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Trading Up 0.6 %

Shares of CCJ opened at $56.35 on Friday. The business has a 50-day moving average of $55.27 and a 200 day moving average of $49.37. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm has a market cap of $24.53 billion, a P/E ratio of 294.80 and a beta of 0.91. 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 (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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 return on equity of 3.33% and a net margin of 4.15%. The firm had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. As a group, research analysts forecast that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 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.