Scotia Capital Inc. Decreases Position in Cameco Corporation (CCJ)

Scotia Capital Inc. decreased its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 179,858 shares of the basic materials company’s stock after selling 7,076 shares during the quarter. Scotia Capital Inc.’s holdings in Cameco Corporation were worth $1,637,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Cameco Corporation by 4.1% during the second quarter. Vanguard Group Inc. now owns 9,352,660 shares of the basic materials company’s stock worth $85,108,000 after purchasing an additional 371,126 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Cameco Corporation by 1,990.6% during the first quarter. Wellington Management Group LLP now owns 6,283,068 shares of the basic materials company’s stock worth $69,366,000 after purchasing an additional 5,982,525 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Cameco Corporation by 22.3% during the second quarter. Russell Investments Group Ltd. now owns 5,850,916 shares of the basic materials company’s stock worth $53,220,000 after purchasing an additional 1,068,516 shares during the period. Guardian Capital LP lifted its holdings in shares of Cameco Corporation by 1.7% during the second quarter. Guardian Capital LP now owns 5,551,295 shares of the basic materials company’s stock worth $50,497,000 after purchasing an additional 94,350 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Cameco Corporation by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,468,172 shares of the basic materials company’s stock worth $49,710,000 after purchasing an additional 64,695 shares during the period. 56.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently commented on the company. Bank of America Corporation lifted their target price on Cameco Corporation from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, October 4th. Scotiabank downgraded Cameco Corporation from a “sector perform” rating to an “underperform” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised Cameco Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Cameco Corporation in a report on Tuesday, August 15th. Finally, BidaskClub downgraded Cameco Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $16.27.

Shares of Cameco Corporation (CCJ) traded up 0.522% on Friday, reaching $9.047. The company had a trading volume of 425,457 shares. The company’s 50-day moving average price is $9.81 and its 200 day moving average price is $9.93. Cameco Corporation has a 52 week low of $7.41 and a 52 week high of $13.36. The firm’s market capitalization is $3.58 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The company had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $383.81 million. During the same period last year, the firm earned ($0.14) EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Cameco Corporation will post $0.15 EPS for the current year.

The business 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. This represents a $0.32 dividend on an annualized basis and a yield of 3.55%. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. Cameco Corporation’s dividend payout ratio (DPR) is presently -1,066.31%.

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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.

Institutional Ownership by Quarter for Cameco Corporation (NYSE:CCJ)

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