First Heartland Consultants Inc. held its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,375 shares of the basic materials company’s stock at the end of the first quarter. First Heartland Consultants Inc.’s holdings in Cameco Corporation were worth $203,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Comerica Bank increased its position in shares of Cameco Corporation by 4.3% in the fourth quarter. Comerica Bank now owns 49,300 shares of the basic materials company’s stock valued at $655,000 after buying an additional 2,033 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Cameco Corporation during the fourth quarter valued at $622,000. Van Den Berg Management I Inc. increased its position in shares of Cameco Corporation by 5.0% in the fourth quarter. Van Den Berg Management I Inc. now owns 41,996 shares of the basic materials company’s stock valued at $440,000 after buying an additional 1,985 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Cameco Corporation by 26.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 81,913 shares of the basic materials company’s stock valued at $858,000 after buying an additional 16,913 shares in the last quarter. Finally, FMR LLC increased its position in shares of Cameco Corporation by 89.7% in the fourth quarter. FMR LLC now owns 233,000 shares of the basic materials company’s stock valued at $2,437,000 after buying an additional 110,200 shares in the last quarter. 56.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Cameco Corporation (NYSE CCJ) traded down 1.94% during midday trading on Tuesday, reaching $9.10. 3,861,648 shares of the company traded hands. The stock has a 50 day moving average price of $9.56 and a 200 day moving average price of $10.71. Cameco Corporation has a 1-year low of $7.41 and a 1-year high of $13.36. The firm’s market capitalization is $3.60 billion. Cameco Corporation also was the target of unusually large options trading on Tuesday. Stock investors purchased 21,936 call options on the company. This is an increase of 1,691% compared to the typical volume of 1,225 call options.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, April 28th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. The business had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. During the same period last year, the company earned ($0.02) EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Cameco Corporation will post $0.29 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a $0.0741 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, June 28th. Cameco Corporation’s dividend payout ratio (DPR) is presently -100.00%.
Several equities analysts have weighed in on CCJ shares. Zacks Investment Research downgraded shares of Cameco Corporation from a “buy” rating to a “strong sell” rating in a report on Monday, March 13th. Credit Suisse Group reiterated a “neutral” rating on shares of Cameco Corporation in a research report on Tuesday, April 18th. Finally, BidaskClub cut shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Cameco Corporation presently has an average rating of “Hold” and an average price target of $14.67.
Cameco Corporation 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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