Dynamic Technology Lab Private Ltd purchased a new position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the second quarter, HoldingsChannel.com reports. The fund purchased 46,247 shares of the basic materials company’s stock, valued at approximately $520,000.
A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Vaughan Nelson Investment Management L.P. purchased a new position in Cameco during the 1st quarter worth approximately $41,341,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Cameco by 71.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock worth $42,826,000 after buying an additional 1,593,300 shares during the last quarter. Exor Investments UK LLP raised its position in Cameco by 31.7% during the 2nd quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock worth $67,133,000 after buying an additional 1,435,286 shares during the last quarter. Toronto Dominion Bank raised its position in Cameco by 101.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,217,695 shares of the basic materials company’s stock worth $24,693,000 after buying an additional 1,116,361 shares during the last quarter. Finally, Natixis Advisors L.P. raised its position in Cameco by 1,200.0% during the 1st quarter. Natixis Advisors L.P. now owns 1,173,429 shares of the basic materials company’s stock worth $10,666,000 after buying an additional 1,083,168 shares during the last quarter. 51.18% of the stock is owned by institutional investors.
A number of research firms have issued reports on CCJ. Royal Bank of Canada lowered shares of Cameco from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 22nd. TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. BMO Capital Markets lowered shares of Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research report on Thursday, July 26th. TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research report on Monday, July 30th. Finally, Zacks Investment Research lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Cameco presently has a consensus rating of “Hold” and a consensus target price of $18.00.
Shares of NYSE CCJ opened at $9.67 on Monday. The company has a market cap of $3.84 billion, a PE ratio of 42.13 and a beta of 1.05. Cameco Corp has a 12 month low of $7.68 and a 12 month high of $12.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.58 and a current ratio of 6.16.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.06). The firm had revenue of $333.00 million for the quarter, compared to analyst estimates of $392.80 million. Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. Cameco’s revenue for the quarter was down 29.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.11) EPS. analysts forecast that Cameco Corp will post 0.02 EPS for the current fiscal year.
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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