Charles Schwab Investment Management Inc. Has $43.17 Million Holdings in Cameco Co. (NYSE:CCJ)

Charles Schwab Investment Management Inc. increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 902,640 shares of the basic materials company’s stock after acquiring an additional 29,617 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Cameco were worth $43,169,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Moody Lynn & Lieberson LLC acquired a new position in Cameco during the third quarter valued at approximately $1,680,000. Swiss National Bank boosted its holdings in shares of Cameco by 0.9% in the 3rd quarter. Swiss National Bank now owns 1,314,400 shares of the basic materials company’s stock valued at $62,892,000 after buying an additional 11,600 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock valued at $868,000 after buying an additional 2,683 shares during the last quarter. Country Club Bank acquired a new position in Cameco during the third quarter worth $2,093,000. Finally, Van ECK Associates Corp raised its position in Cameco by 48.1% during the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company’s stock worth $75,691,000 after acquiring an additional 515,046 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $59.45 on Monday. The company has a market capitalization of $25.87 billion, a P/E ratio of 312.91 and a beta of 0.89. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $60.98. The business has a 50-day simple moving average of $53.36 and a two-hundred day simple moving average of $48.93. 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 results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. During the same period last year, the firm posted $0.24 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Research analysts expect that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.118 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CCJ shares. Glj Research reiterated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research note on Wednesday, August 14th. Scotiabank cut their price target on Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price 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.