Cameco Co. (NYSE:CCJ) Stake Boosted by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC increased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,234 shares of the basic materials company’s stock after acquiring an additional 454 shares during the period. Terra Nova Asset Management LLC’s holdings in Cameco were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Joule Financial LLC raised its stake in shares of Cameco by 17.9% during the 4th quarter. Joule Financial LLC now owns 24,175 shares of the basic materials company’s stock worth $1,242,000 after purchasing an additional 3,678 shares in the last quarter. TrueWealth Advisors LLC bought a new position in Cameco during the fourth quarter valued at approximately $470,000. Avanza Fonder AB acquired a new stake in Cameco in the fourth quarter valued at approximately $2,292,000. First Pacific Financial bought a new stake in Cameco in the fourth quarter worth approximately $50,000. Finally, Wolff Wiese Magana LLC acquired a new position in shares of Cameco during the 4th quarter worth $154,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of Cameco stock opened at $51.62 on Monday. 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 fifty day simple moving average of $54.53 and a 200-day simple moving average of $49.23. The stock has a market capitalization of $22.47 billion, a price-to-earnings ratio of 271.69 and a beta of 0.95. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

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 analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million for 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 firm’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, sell-side analysts expect that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were given a $0.118 dividend. This is an increase from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. Cameco’s payout ratio is currently 63.16%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott raised shares of 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $66.56.

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.