Trexquant Investment LP lifted its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 52.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,117 shares of the basic materials company’s stock after purchasing an additional 13,719 shares during the quarter. Trexquant Investment LP’s holdings in Cameco were worth $457,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of CCJ. MML Investors Services LLC bought a new stake in Cameco in the third quarter valued at $120,000. Sigma Planning Corp bought a new stake in shares of Cameco during the second quarter worth $121,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Cameco during the third quarter worth $125,000. Natixis bought a new stake in shares of Cameco during the second quarter worth $130,000. Finally, Ayalon Holdings Ltd. bought a new stake in shares of Cameco during the third quarter worth $149,000. Institutional investors and hedge funds own 48.49% of the company’s stock.
Shares of CCJ opened at $11.88 on Thursday. The company has a current ratio of 2.14, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. Cameco Corp has a 12-month low of $8.34 and a 12-month high of $12.78. The firm has a market cap of $4.70 billion, a PE ratio of 99.00 and a beta of 1.01.
The business also recently announced an annual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.0608 dividend. This represents a yield of 0.49%. The ex-dividend date of this dividend is Thursday, November 29th. Cameco’s payout ratio is 50.00%.
CCJ has been the topic of several research analyst reports. Zacks Investment Research upgraded Cameco from a “sell” rating to a “hold” rating in a report on Monday, October 1st. Royal Bank of Canada increased their target price on Cameco from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 5th. Bank of America upgraded Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. TheStreet upgraded Cameco from a “d+” rating to a “c” rating in a report on Monday, November 5th. Finally, Raymond James upgraded Cameco from a “market perform” rating to an “outperform” rating in a report on Thursday, September 27th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.
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Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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