Janney Montgomery Scott LLC Buys 45,549 Shares of Cameco Co. (NYSE:CCJ)

Janney Montgomery Scott LLC raised its stake in Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 98.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,767 shares of the basic materials company’s stock after purchasing an additional 45,549 shares during the period. Janney Montgomery Scott LLC’s holdings in Cameco were worth $4,716,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its holdings in Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Bridgewater Associates LP boosted its holdings in Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares during the period. Progeny 3 Inc. boosted its holdings in Cameco by 7.5% in the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Cameco by 9.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after purchasing an additional 187,512 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after purchasing an additional 664,828 shares during the period. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $66.56.

Check Out Our Latest Stock Analysis on CCJ

Cameco Trading Up 3.2 %

Shares of CCJ stock opened at $50.14 on Thursday. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The stock has a market cap of $21.83 billion, a price-to-earnings ratio of 263.90 and a beta of 0.95. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a fifty day moving average of $54.35 and a 200-day moving average of $49.32.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. On average, equities research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is 63.16%.

About Cameco

(Free Report)

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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