TD Asset Management Inc. decreased its holdings in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 16.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,619,378 shares of the basic materials company’s stock after selling 520,052 shares during the quarter. TD Asset Management Inc. owned 0.66% of Cameco worth $29,849,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of CCJ. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Cameco by 39.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,327,039 shares of the basic materials company’s stock valued at $71,179,000 after purchasing an additional 1,779,069 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cameco by 71.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock valued at $42,826,000 after purchasing an additional 1,593,300 shares during the period. Exor Investments UK LLP boosted its stake in shares of Cameco by 31.7% in the second quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock valued at $67,133,000 after purchasing an additional 1,435,286 shares during the period. Toronto Dominion Bank boosted its stake in shares of Cameco by 101.4% in the second quarter. Toronto Dominion Bank now owns 2,217,695 shares of the basic materials company’s stock valued at $24,693,000 after purchasing an additional 1,116,361 shares during the period. Finally, Keybank National Association OH boosted its stake in shares of Cameco by 72.3% in the second quarter. Keybank National Association OH now owns 2,154,453 shares of the basic materials company’s stock valued at $24,238,000 after purchasing an additional 903,706 shares during the period. 50.95% of the stock is owned by institutional investors and hedge funds.
CCJ has been the subject of several recent research reports. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Royal Bank of Canada raised their price objective on shares of Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a research note on Monday, November 5th. TheStreet raised shares of Cameco from a “d+” rating to a “c” rating in a research note on Monday, November 5th. Raymond James raised shares of Cameco from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 27th. Finally, Rosenblatt Securities lowered shares of Cameco to a “hold” rating in a research note on Monday, November 5th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $14.67.
Shares of NYSE:CCJ opened at $11.97 on Friday. The company has a market capitalization of $4.94 billion, a P/E ratio of 99.75 and a beta of 1.02. 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 3.58 and a current ratio of 2.14.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.12. The firm had revenue of $488.00 million for the quarter, compared to analysts’ expectations of $576.92 million. Cameco had a negative net margin of 2.65% and a positive return on equity of 3.99%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.13) earnings per share. As a group, analysts predict that Cameco Corp will post 0.02 earnings per share for the current fiscal year.
The company also recently announced an annual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.49%. Cameco’s dividend payout ratio (DPR) is 66.67%.
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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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