Fmr LLC purchased a new position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the third quarter, Holdings Channel reports. The fund purchased 121,480 shares of the basic materials company’s stock, valued at approximately $1,385,000.
Several other institutional investors have also bought and sold shares of the company. MML Investors Services LLC bought a new stake in shares of Cameco during the 3rd quarter valued at about $120,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Cameco during the 3rd quarter valued at about $125,000. Natixis bought a new stake in shares of Cameco during the 2nd quarter valued at about $130,000. Ayalon Holdings Ltd. bought a new stake in shares of Cameco during the 3rd quarter valued at about $149,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Cameco by 154.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,109 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 8,573 shares in the last quarter. 48.45% of the stock is owned by institutional investors.
CCJ stock opened at $12.28 on Friday. Cameco Corp has a fifty-two week low of $8.34 and a fifty-two week high of $12.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.14. The company has a market cap of $4.58 billion, a P/E ratio of 102.33 and a beta of 0.91.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.12. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The business had revenue of $488.00 million for the quarter, compared to the consensus estimate of $576.92 million. During the same period in the prior year, the business earned ($0.13) EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts forecast that Cameco Corp will post 0.2 earnings per share for the current year.
The company also recently declared an annual dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were paid a dividend of $0.0608 per share. This represents a yield of 0.49%. The ex-dividend date was Thursday, November 29th. Cameco’s dividend payout ratio (DPR) is currently 50.00%.
CCJ has been the topic of several research analyst reports. Rosenblatt Securities lowered Cameco to a “hold” rating in a research report on Monday, November 5th. Howard Weil upgraded Cameco from a “sector underperform” rating to a “sector perform” rating in a research report on Friday, September 28th. Zacks Investment Research upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Royal Bank of Canada upped their target price on Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, November 5th. Finally, Bank of America upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, November 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.00.
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Cameco Company Profile
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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