Sowell Financial Services LLC increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 104.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 55,447 shares of the basic materials company’s stock after buying an additional 28,300 shares during the period. Sowell Financial Services LLC’s holdings in Cameco Corporation were worth $534,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in CCJ. Comerica Bank boosted its stake in shares of Cameco Corporation by 4.3% in the fourth quarter. Comerica Bank now owns 49,300 shares of the basic materials company’s stock worth $655,000 after buying an additional 2,033 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in Cameco Corporation during the fourth quarter worth about $622,000. FMR LLC boosted its position in Cameco Corporation by 89.7% in the fourth quarter. FMR LLC now owns 233,000 shares of the basic materials company’s stock worth $2,437,000 after buying an additional 110,200 shares during the last quarter. Gabelli Funds LLC boosted its position in Cameco Corporation by 102.2% in the fourth quarter. Gabelli Funds LLC now owns 633,000 shares of the basic materials company’s stock worth $6,628,000 after buying an additional 320,000 shares during the last quarter. Finally, Aviva PLC boosted its position in Cameco Corporation by 5.2% in the fourth quarter. Aviva PLC now owns 262,402 shares of the basic materials company’s stock worth $2,737,000 after buying an additional 13,008 shares during the last quarter. 56.88% of the stock is owned by institutional investors and hedge funds.
Cameco Corporation (NYSE CCJ) traded up 2.52% on Friday, hitting $9.34. The stock had a trading volume of 2,134,553 shares. The stock’s market capitalization is $3.70 billion. The company has a 50-day moving average price of $9.54 and a 200-day moving average price of $10.71. Cameco Corporation has a 52 week low of $7.41 and a 52 week high of $13.36. Cameco Corporation also saw some unusual options trading on Tuesday. Stock investors bought 21,936 call options on the stock. This represents an increase of 1,691% compared to the typical volume of 1,225 call options.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, April 28th. The basic materials company reported ($0.05) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS. Equities research analysts anticipate that Cameco Corporation will post $0.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.0741 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.17%. Cameco Corporation’s dividend payout ratio is presently -100.00%.
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A number of research analysts have issued reports on CCJ shares. Zacks Investment Research cut Cameco Corporation from a “buy” rating to a “strong sell” rating in a research note on Monday, March 13th. Credit Suisse Group reissued a “neutral” rating on shares of Cameco Corporation in a research note on Tuesday, April 18th. Finally, BidaskClub cut Cameco Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.67.
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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