TD Asset Management Inc. raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,865,814 shares of the basic materials company’s stock after buying an additional 138,163 shares during the period. TD Asset Management Inc.’s holdings in Cameco Corporation were worth $35,154,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Cameco Corporation during the first quarter valued at approximately $72,208,000. Beutel Goodman & Co Ltd. increased its stake in Cameco Corporation by 34.4% in the first quarter. Beutel Goodman & Co Ltd. now owns 23,791,112 shares of the basic materials company’s stock valued at $262,895,000 after buying an additional 6,088,870 shares in the last quarter. Wellington Management Group LLP increased its stake in Cameco Corporation by 1,990.6% in the first quarter. Wellington Management Group LLP now owns 6,283,068 shares of the basic materials company’s stock valued at $69,366,000 after buying an additional 5,982,525 shares in the last quarter. Global X Management Co. LLC increased its stake in Cameco Corporation by 111.9% in the first quarter. Global X Management Co. LLC now owns 5,969,764 shares of the basic materials company’s stock valued at $65,891,000 after buying an additional 3,152,321 shares in the last quarter. Finally, St. James Investment Company LLC acquired a new stake in Cameco Corporation during the first quarter valued at approximately $13,580,000. Institutional investors and hedge funds own 56.65% of the company’s stock.
Cameco Corporation (NYSE CCJ) opened at 10.15 on Thursday. The stock has a 50 day moving average of $9.78 and a 200-day moving average of $10.43. The firm’s market cap is $4.02 billion. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.03. The business had revenue of $470 million during the quarter, compared to analyst estimates of $383.81 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.14) earnings per share. Equities research analysts predict that Cameco Corporation will post $0.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 3.15%. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio (DPR) is currently -999.67%.
Several equities research analysts recently commented on CCJ shares. Bank of America Corporation downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. BidaskClub downgraded shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Credit Suisse Group reiterated a “neutral” rating on shares of Cameco Corporation in a research report on Tuesday, April 18th. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research report on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Cameco Corporation currently has an average rating of “Hold” and an average target price of $13.81.
Cameco Corporation 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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