Federated Hermes Inc. Sells 34,111 Shares of Cameco Corporation $CCJ

Federated Hermes Inc. trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 34.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,173 shares of the basic materials company’s stock after selling 34,111 shares during the quarter. Federated Hermes Inc.’s holdings in Cameco were worth $5,382,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Truist Financial Corp raised its position in shares of Cameco by 5.7% during the 3rd quarter. Truist Financial Corp now owns 31,060 shares of the basic materials company’s stock valued at $2,605,000 after buying an additional 1,681 shares in the last quarter. Stonegate Investment Group LLC grew its stake in Cameco by 11.9% in the 3rd quarter. Stonegate Investment Group LLC now owns 10,071 shares of the basic materials company’s stock worth $845,000 after acquiring an additional 1,071 shares in the last quarter. NWF Advisory Services Inc. bought a new stake in Cameco during the 3rd quarter valued at $1,996,000. B. Riley Wealth Advisors Inc. bought a new position in Cameco during the 3rd quarter worth about $655,000. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Cameco by 8.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 32,916 shares of the basic materials company’s stock valued at $2,760,000 after buying an additional 2,694 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of CCJ stock opened at $120.26 on Tuesday. The stock has a market capitalization of $52.37 billion, a PE ratio of 139.84 and a beta of 0.99. The firm has a 50 day moving average of $101.51 and a two-hundred day moving average of $89.63. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The firm had revenue of $313.74 million during the quarter, compared to analysts’ expectations of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.The firm’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. On average, research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st were paid a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a yield of 27.0%. The ex-dividend date was Monday, December 1st. Cameco’s dividend payout ratio (DPR) is presently 19.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Cameco in a research report on Monday, December 29th. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Sanford C. Bernstein boosted their target price on shares of Cameco from $100.00 to $101.00 and gave the company an “outperform” rating in a research note on Wednesday, January 7th. National Bankshares reissued an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. Finally, Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $121.68.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.