Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 25.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,242 shares of the basic materials company’s stock after selling 54,866 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cameco Corporation were worth $1,494,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. World Asset Management Inc raised its holdings in shares of Cameco Corporation by 1.3% in the 1st quarter. World Asset Management Inc now owns 24,653 shares of the basic materials company’s stock valued at $273,000 after buying an additional 326 shares during the period. Korea Investment CORP increased its holdings in Cameco Corporation by 1.8% during the 2nd quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock worth $227,000 after purchasing an additional 441 shares during the period. Augustine Asset Management Inc. increased its holdings in Cameco Corporation by 0.5% during the 2nd quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock worth $937,000 after purchasing an additional 474 shares during the period. Usca Ria LLC increased its holdings in Cameco Corporation by 4.6% during the 2nd quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 510 shares during the period. Finally, Comerica Bank increased its holdings in Cameco Corporation by 1.2% during the 1st quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 592 shares during the period. Hedge funds and other institutional investors own 56.57% of the company’s stock.
Shares of Cameco Corporation (NYSE CCJ) opened at 10.14 on Friday. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36. The company has a 50 day moving average price of $9.99 and a 200-day moving average price of $10.11. The firm’s market capitalization is $4.01 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm had revenue of $470.00 million during the quarter, compared to analyst estimates of $383.81 million. During the same period in the previous year, the company earned ($0.14) earnings per share. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts expect that Cameco Corporation will post $0.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 3.15%. Cameco Corporation’s payout ratio is currently -999.67%.
CCJ has been the topic of several recent research reports. BidaskClub upgraded Cameco Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Cameco Corporation in a report on Tuesday, August 15th. Finally, 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 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.07.
Cameco Corporation 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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