Hexavest Inc. lowered its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 31.3% during the first quarter, Holdings Channel reports. The institutional investor owned 685,212 shares of the basic materials company’s stock after selling 312,021 shares during the period. Hexavest Inc. owned 0.17% of Cameco Corp worth $7,563,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. raised its position in shares of Cameco Corp by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the basic materials company’s stock worth $102,000 after buying an additional 130 shares in the last quarter. Rathbone Brothers plc raised its position in shares of Cameco Corp by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the basic materials company’s stock worth $108,000 after buying an additional 1,520 shares in the last quarter. Bank of The West acquired a new position in shares of Cameco Corp during the first quarter worth $116,000. First Heartland Consultants Inc. acquired a new position in shares of Cameco Corp during the third quarter worth $152,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Cameco Corp by 140.7% in the third quarter. Tower Research Capital LLC TRC now owns 19,981 shares of the basic materials company’s stock worth $171,000 after buying an additional 11,681 shares in the last quarter. Hedge funds and other institutional investors own 54.79% of the company’s stock.
Shares of Cameco Corp (NYSE:CCJ) traded up 0.798% during midday trading on Friday, hitting $10.735. 1,172,709 shares of the stock were exchanged. Cameco Corp has a 52-week low of $7.41 and a 52-week high of $13.50. The stock’s market cap is $4.25 billion. The firm’s 50 day moving average price is $11.04 and its 200-day moving average price is $10.29.
Cameco Corp (NYSE:CCJ) last issued its quarterly earnings data on Thursday, February 9th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.01. The firm had revenue of $887 million for the quarter, compared to analysts’ expectations of $622.36 million. Cameco Corp had a positive return on equity of 2.64% and a negative net margin of 2.63%. The firm’s revenue was down 9.0% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. On average, equities research analysts expect that Cameco Corp will post $0.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were issued a dividend of $0.0768 per share. This represents a $0.31 annualized dividend and a dividend yield of 2.88%. This is a boost from Cameco Corp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, March 29th. Cameco Corp’s dividend payout ratio is -272.70%.
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A number of equities analysts have weighed in on the stock. Bank of America Corp upgraded shares of Cameco Corp from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 12th. Zacks Investment Research raised shares of Cameco Corp from a “sell” rating to a “hold” rating in a report on Tuesday, January 3rd. TD Securities raised shares of Cameco Corp to a “buy” rating in a report on Thursday, January 12th. Credit Suisse Group AG reissued a “neutral” rating on shares of Cameco Corp in a report on Tuesday. Finally, BMO Capital Markets downgraded shares of Cameco Corp to a “hold” rating in a report on Wednesday, January 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $15.48.
Cameco Corp Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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