Verus Capital Partners LLC Has $507,000 Position in Cameco Corporation $CCJ

Verus Capital Partners LLC cut its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 54.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,836 shares of the basic materials company’s stock after selling 8,200 shares during the quarter. Verus Capital Partners LLC’s holdings in Cameco were worth $507,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCJ. Nwam LLC boosted its position in shares of Cameco by 11.7% in the second quarter. Nwam LLC now owns 81,129 shares of the basic materials company’s stock valued at $6,304,000 after acquiring an additional 8,519 shares during the period. Samalin Investment Counsel LLC increased its position in Cameco by 5.6% during the second quarter. Samalin Investment Counsel LLC now owns 5,535 shares of the basic materials company’s stock worth $411,000 after acquiring an additional 296 shares during the period. Vise Technologies Inc. acquired a new stake in Cameco in the 2nd quarter worth about $237,000. Allworth Financial LP raised its stake in Cameco by 30.6% in the 2nd quarter. Allworth Financial LP now owns 4,524 shares of the basic materials company’s stock worth $336,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in Cameco in the 2nd quarter valued at about $260,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CCJ. Wall Street Zen cut shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday. Scotiabank restated an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. CLSA assumed coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 target price on the stock. Finally, The Goldman Sachs Group boosted their price target on Cameco from $95.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.04.

Cameco Price Performance

Shares of CCJ stock opened at $92.49 on Wednesday. The business has a fifty day simple moving average of $87.41 and a 200 day simple moving average of $74.33. The company has a market cap of $40.27 billion, a P/E ratio of 106.31 and a beta of 0.98. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). The business had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.01) EPS. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be given a dividend of $0.24 per share. The ex-dividend date is Monday, December 1st. This represents a yield of 25.0%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is currently 19.77%.

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.