First Eagle Investment Management LLC increased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,300 shares of the basic materials company’s stock after buying an additional 5,000 shares during the period. First Eagle Investment Management LLC owned about 0.08% of Cameco Corporation worth $2,897,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Cameco Corporation during the first quarter valued at about $113,000. Brookstone Capital Management bought a new stake in shares of Cameco Corporation during the first quarter valued at about $116,000. Janney Montgomery Scott LLC bought a new stake in shares of Cameco Corporation during the first quarter valued at about $116,000. Usca Ria LLC bought a new stake in shares of Cameco Corporation during the first quarter valued at about $124,000. Finally, Creative Planning raised its stake in shares of Cameco Corporation by 55.3% in the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock valued at $141,000 after buying an additional 5,531 shares during the period. 56.48% of the stock is currently owned by institutional investors.
Shares of Cameco Corporation (CCJ) opened at 9.74 on Tuesday. The firm’s 50-day moving average is $9.86 and its 200-day moving average is $10.26. The company’s market capitalization is $3.86 billion. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The firm had revenue of $470 million for the quarter, compared to analysts’ expectations of $383.81 million. During the same quarter last year, the business earned ($0.14) earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Cameco Corporation will post $0.17 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.0799 dividend. This is a boost 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 annualized dividend and a dividend yield of 3.28%. Cameco Corporation’s dividend payout ratio (DPR) is currently -999.67%.
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A number of research firms have weighed in on CCJ. BidaskClub raised shares of Cameco Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Cameco Corporation in a report on Tuesday, August 15th. Finally, Royal Bank Of Canada began coverage on shares of Cameco Corporation in a report on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.07.
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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