Terra Nova Asset Management LLC Has $423,000 Stock Holdings in Cameco Co. (NYSE:CCJ)

Terra Nova Asset Management LLC boosted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 5.8% during the 4th quarter, HoldingsChannel reports. The fund owned 8,234 shares of the basic materials company’s stock after buying an additional 454 shares during the quarter. Terra Nova Asset Management LLC’s holdings in Cameco were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Dantai Capital Ltd increased its position in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares during the period. iA Global Asset Management Inc. bought a new stake in Cameco in the 3rd quarter valued at $5,305,000. Telemark Asset Management LLC raised its stake in shares of Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after buying an additional 100,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Cameco by 1,138.1% during the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after acquiring an additional 245,831 shares during the period. Finally, Moody Lynn & Lieberson LLC acquired a new stake in shares of Cameco during the 3rd quarter valued at about $1,680,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 4.3 %

CCJ opened at $51.62 on Monday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The firm has a market cap of $22.47 billion, a price-to-earnings ratio of 271.69 and a beta of 0.95. The firm’s 50-day simple moving average is $54.53 and its 200-day simple moving average is $49.23. 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 posted 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). The firm had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. Equities research analysts anticipate that Cameco Co. will post 0.47 EPS for the current fiscal year.

Cameco Increases Dividend

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

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note 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 currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Company 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.