Cameco Corporation $CCJ Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada Inc. trimmed its stake in Cameco by 11.5%, selling 108,431 shares and leaving 836,426 shares (about 0.19%) valued at roughly $59.85 million.
• Cameco missed the quarter, reporting EPS of $0.05 versus $0.22 expected and revenue of $313.7 million (vs. $531.7 million expected), with revenue down 14.7% year‑over‑year.
• Cameco increased its annual dividend to $0.24 per share (up from $0.12), with an ex‑dividend date of December 1 and payment scheduled for December 16.

TD Waterhouse Canada Inc. lessened its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 11.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 836,426 shares of the basic materials company's stock after selling 108,431 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.19% of Cameco worth $59,848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. VSM Wealth Advisory LLC purchased a new stake in shares of Cameco during the second quarter valued at $35,000. NewGen Equity Long Short Fund acquired a new stake in Cameco during the 2nd quarter worth about $14,252,000. Kayne Anderson Capital Advisors LP grew its stake in Cameco by 2.5% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 41,410 shares of the basic materials company's stock valued at $3,074,000 after purchasing an additional 1,003 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Cameco by 2.8% in the second quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company's stock valued at $1,304,504,000 after purchasing an additional 481,171 shares during the period. Finally, Thames Capital Management LLC acquired a new position in shares of Cameco in the second quarter valued at about $4,764,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Up 0.3%

CCJ stock opened at $83.26 on Wednesday. Cameco Corporation has a one year low of $35.00 and a one year high of $110.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm's fifty day moving average is $88.32 and its 200 day moving average is $75.75. The firm has a market cap of $36.25 billion, a PE ratio of 95.70 and a beta of 0.98.

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

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be given a $0.24 dividend. This represents a dividend yield of 25.0%. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. Cameco's dividend payout ratio (DPR) is presently 19.77%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group initiated coverage on Cameco in a research report on Monday, November 10th. They issued a "neutral" rating and a $140.00 target price on the stock. Royal Bank Of Canada cut their price objective on shares of Cameco from $160.00 to $150.00 and set an "outperform" rating on the stock in a research note on Thursday, November 13th. Weiss Ratings restated a "hold (c+)" rating on shares of Cameco in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 29th. Finally, The Goldman Sachs Group lifted their price objective on Cameco from $95.00 to $109.00 and gave the company a "buy" rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of "Moderate Buy" and a consensus price target of $113.75.

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.

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