Fiera Capital Corp trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 98,681 shares of the basic materials company’s stock after selling 2,680 shares during the quarter. Fiera Capital Corp’s holdings in Cameco Corporation were worth $897,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in CCJ. Janney Montgomery Scott LLC purchased a new stake in Cameco Corporation during the 1st quarter valued at about $116,000. Wells Fargo & Company MN lifted its stake in Cameco Corporation by 148.4% during the 1st quarter. Wells Fargo & Company MN now owns 570,330 shares of the basic materials company’s stock valued at $6,314,000 after acquiring an additional 340,746 shares during the period. Bank of New York Mellon Corp lifted its stake in Cameco Corporation by 9.1% during the 1st quarter. Bank of New York Mellon Corp now owns 494,298 shares of the basic materials company’s stock valued at $5,472,000 after acquiring an additional 41,200 shares during the period. Comerica Bank lifted its stake in Cameco Corporation by 1.2% during the 1st quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock valued at $524,000 after acquiring an additional 592 shares during the period. Finally, World Asset Management Inc lifted its stake in Cameco Corporation by 1.3% during the 1st quarter. World Asset Management Inc now owns 24,653 shares of the basic materials company’s stock valued at $273,000 after acquiring an additional 326 shares during the period. 56.53% of the stock is currently owned by institutional investors.
Several research firms have issued reports on CCJ. BidaskClub cut shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada began coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price on the stock. Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Finally, TheStreet upgraded shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $13.07.
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Cameco Corporation (NYSE CCJ) opened at 10.04 on Wednesday. Cameco Corporation has a 1-year low of $7.41 and a 1-year high of $13.36. The company’s market cap is $3.97 billion. The firm’s 50-day moving average is $9.97 and its 200 day moving average is $10.09.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The business had revenue of $470.00 million for the quarter, compared to analyst estimates of $383.81 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The company’s revenue was up .9% on a year-over-year basis. Analysts predict that Cameco Corporation will post $0.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.0799 per share. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.18%. Cameco Corporation’s payout ratio is presently -999.67%.
About Cameco Corporation
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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