Timber Hill LLC lowered its stake in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 77.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,400 shares of the basic materials company’s stock after selling 94,546 shares during the period. Timber Hill LLC’s holdings in Cameco Corp were worth $303,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of Cameco Corp during the first quarter valued at about $113,000. Janney Montgomery Scott LLC purchased a new position in shares of Cameco Corp during the first quarter valued at about $116,000. Brookstone Capital Management purchased a new position in shares of Cameco Corp during the first quarter valued at about $116,000. Bank of The West purchased a new position in shares of Cameco Corp during the first quarter valued at about $116,000. Finally, Usca Ria LLC purchased a new position in shares of Cameco Corp during the first quarter valued at about $124,000. 54.79% of the stock is owned by hedge funds and other institutional investors.
Cameco Corp (NYSE:CCJ) traded up 1.65% during midday trading on Friday, reaching $9.84. 996,714 shares of the company’s stock traded hands. Cameco Corp has a 52-week low of $7.41 and a 52-week high of $13.36. The stock has a 50-day moving average of $10.46 and a 200 day moving average of $10.61. The company’s market cap is $3.89 billion.
Cameco Corp (NYSE:CCJ) last issued its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $393 million during the quarter, compared to analyst estimates of $351.40 million. Cameco Corp had a negative net margin of 2.63% and a positive return on equity of 2.64%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. On average, analysts anticipate that Cameco Corp will post $0.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be issued a $0.0741 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 3.01%. Cameco Corp’s dividend payout ratio (DPR) is presently -272.70%.
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Several brokerages recently issued reports on CCJ. Cantor Fitzgerald raised shares of Cameco Corp from a “hold” rating to a “buy” rating in a report on Monday, February 13th. Zacks Investment Research cut shares of Cameco Corp from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd. TheStreet cut shares of Cameco Corp from a “c” rating to a “d+” rating in a research report on Thursday, February 9th. Royal Bank of Canada cut shares of Cameco Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, February 2nd. Finally, Credit Suisse Group AG restated a “neutral” rating on shares of Cameco Corp in a research report on Tuesday, April 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.67.
Cameco Corp 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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