CIBC Asset Management Inc decreased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 158,528 shares of the basic materials company’s stock after selling 1,207 shares during the period. CIBC Asset Management Inc’s holdings in Cameco Corporation were worth $1,442,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Cameco Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 8,981,534 shares of the basic materials company’s stock valued at $99,426,000 after buying an additional 251,704 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Cameco Corporation during the first quarter valued at approximately $72,208,000. Wellington Management Group LLP boosted its stake in shares of 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 during the last quarter. Global X Management Co. LLC boosted its stake in shares of 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 during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Cameco Corporation by 22.3% in the second quarter. Russell Investments Group Ltd. now owns 5,850,916 shares of the basic materials company’s stock valued at $53,220,000 after buying an additional 1,068,516 shares during the last quarter. Hedge funds and other institutional investors own 56.65% of the company’s stock.
Shares of Cameco Corporation (NYSE:CCJ) opened at 9.66 on Friday. The firm has a 50-day moving average price of $9.80 and a 200 day moving average price of $10.43. The stock’s market capitalization is $3.82 billion. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. Cameco Corporation’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. On average, equities analysts expect that Cameco Corporation will post $0.25 EPS for the current fiscal year.
The business also recently declared 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. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 3.31%. Cameco Corporation’s dividend payout ratio (DPR) is presently -999.67%.
CCJ has been the subject of several analyst reports. Credit Suisse Group restated a “neutral” rating on shares of Cameco Corporation in a report on Tuesday, April 18th. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BidaskClub cut Cameco Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada initiated coverage on Cameco Corporation in a report on Thursday, June 29th. They issued an “outperform” rating and a $16.00 target price for the company. Finally, Bank of America Corporation cut Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Cameco Corporation has an average rating of “Hold” and an average price target of $13.07.
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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