Letko Brosseau & Associates Inc. reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 4,844,036 shares of the company’s stock after selling 115,075 shares during the period. Letko Brosseau & Associates Inc. owned about 1.22% of Cameco Corporation worth $50,652,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS acquired a new position in Cameco Corporation during the second quarter valued at about $110,000. IFP Advisors Inc boosted its position in Cameco Corporation by 7.2% in the second quarter. IFP Advisors Inc now owns 10,073 shares of the company’s stock valued at $111,000 after buying an additional 678 shares during the period. Water Island Capital LLC boosted its position in Cameco Corporation by 40.0% in the second quarter. Water Island Capital LLC now owns 10,500 shares of the company’s stock valued at $115,000 after buying an additional 3,000 shares during the period. 1832 Asset Management L.P. boosted its position in Cameco Corporation by 1.1% in the third quarter. 1832 Asset Management L.P. now owns 11,885 shares of the company’s stock valued at $102,000 after buying an additional 130 shares during the period. Finally, Rathbone Brothers plc boosted its position in Cameco Corporation by 13.6% in the third quarter. Rathbone Brothers plc now owns 12,695 shares of the company’s stock valued at $108,000 after buying an additional 1,520 shares during the period. 54.79% of the stock is currently owned by institutional investors and hedge funds.
Cameco Corporation (NYSE:CCJ) traded up 5.37% during midday trading on Tuesday, hitting $12.36. The stock had a trading volume of 4,855,984 shares. The firm has a 50-day moving average of $11.56 and a 200 day moving average of $9.68. The firm’s market capitalization is $4.89 billion. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.59.
Cameco Corporation (NYSE:CCJ) last announced its earnings results on Thursday, February 9th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.05. The company earned $887 million during the quarter, compared to the consensus estimate of $622.36 million. Cameco Corporation had a negative net margin of 2.63% and a positive return on equity of 2.64%. Cameco Corporation’s revenue was down 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. On average, equities analysts forecast that Cameco Corporation will post $0.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.0768 per share. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.31 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, March 29th. Cameco Corporation’s payout ratio is presently -272.70%.
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Several equities analysts recently issued reports on the company. Zacks Investment Research raised Cameco Corporation from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Tuesday. Cantor Fitzgerald raised Cameco Corporation from a “hold” rating to a “buy” rating in a research report on Monday. RBC Capital Markets reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Cameco Corporation in a research report on Tuesday, November 1st. Royal Bank Of Canada cut Cameco Corporation from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 2nd. Finally, TheStreet lowered shares of Cameco Corporation from a “c” rating to a “d+” rating in a research note on Thursday, February 9th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.43.
Cameco Corporation Company Profile
Cameco Corp (Cameco) is a Canada-based uranium producer. The Company is 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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