SG Americas Securities LLC boosted its stake in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 68.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 57,657 shares of the basic materials company’s stock after purchasing an additional 23,434 shares during the period. SG Americas Securities LLC’s holdings in Cameco were worth $558,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Cameco by 4.1% during the 2nd 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 last quarter. Russell Investments Group Ltd. grew its position in Cameco by 27.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,471,274 shares of the basic materials company’s stock worth $72,186,000 after purchasing an additional 1,620,358 shares during the last quarter. Global X MANAGEMENT CO LLC grew its position in Cameco by 21.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,772,733 shares of the basic materials company’s stock worth $65,255,000 after purchasing an additional 1,184,992 shares during the last quarter. Guardian Capital LP grew its position in Cameco by 1.7% during the 2nd 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Cameco by 1.2% during the 2nd 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 last quarter. 50.87% of the stock is currently owned by institutional investors.
Shares of Cameco Corp (NYSE:CCJ) opened at $10.37 on Friday. The company has a current ratio of 5.40, a quick ratio of 2.16 and a debt-to-equity ratio of 0.30. Cameco Corp has a twelve month low of $7.68 and a twelve month high of $13.36.
Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, October 27th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.20). The business had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $486.84 million. Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The firm’s revenue was down 27.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. research analysts forecast that Cameco Corp will post 0.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.078 per share. This represents a $0.31 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco’s dividend payout ratio is presently -57.14%.
Several analysts have weighed in on CCJ shares. BidaskClub downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Scotiabank downgraded shares of Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Finally, Bank of America boosted their target price on shares of Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Cameco has an average rating of “Hold” and a consensus target price of $16.71.
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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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