Canandaigua National Bank & Trust Co. Buys Shares of 4,009 Cameco Co. (NYSE:CCJ)

Canandaigua National Bank & Trust Co. purchased a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,009 shares of the basic materials company’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the last quarter. Pingora Partners LLC bought a new position in Cameco during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. grew its holdings in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the third quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC raised its holdings in Cameco by 130.6% in the third quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 550 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 6.0 %

Shares of NYSE:CCJ opened at $51.54 on Wednesday. The firm has a market cap of $22.43 billion, a price-to-earnings ratio of 271.28 and a beta of 0.95. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company’s fifty day simple moving average is $54.95 and its 200 day simple moving average is $49.25. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). The firm had revenue of $721.00 million during 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 business’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 earnings per share. As a group, research analysts forecast that Cameco Co. will post 0.51 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.118 per share. This is a boost from Cameco’s previous annual dividend of $0.09. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.