Virginia Retirement Systems ET AL continued to hold its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,850 shares of the basic materials company’s stock at the close of the second quarter. Virginia Retirement Systems ET AL’s holdings in Cameco Corporation were worth $290,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in CCJ. Caisse DE Depot ET Placement DU Quebec bought a new position in Cameco Corporation during the 1st quarter worth about $72,208,000. Wellington Management Group LLP increased its holdings in Cameco Corporation by 1,990.6% during the 1st quarter. Wellington Management Group LLP now owns 6,283,068 shares of the basic materials company’s stock worth $69,366,000 after purchasing an additional 5,982,525 shares in the last quarter. Global X Management Co. LLC increased its holdings in Cameco Corporation by 111.9% during the 1st quarter. Global X Management Co. LLC now owns 5,969,764 shares of the basic materials company’s stock worth $65,891,000 after purchasing an additional 3,152,321 shares in the last quarter. St. James Investment Company LLC bought a new position in Cameco Corporation during the 1st quarter worth about $13,580,000. Finally, Russell Investments Group Ltd. increased its holdings in Cameco Corporation by 22.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,850,916 shares of the basic materials company’s stock worth $53,220,000 after purchasing an additional 1,068,516 shares in the last quarter. Hedge funds and other institutional investors own 56.57% of the company’s stock.
Cameco Corporation (CCJ) opened at 9.95 on Monday. The company’s market cap is $3.94 billion. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36. The stock has a 50 day moving average price of $9.98 and a 200 day moving average price of $10.15.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.03. The company had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.14) earnings per share. On average, equities analysts anticipate that Cameco Corporation will post $0.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 3.21%. Cameco Corporation’s payout ratio is presently -999.67%.
A number of equities analysts have issued reports on the company. BidaskClub cut Cameco Corporation from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Cameco Corporation in a report on Tuesday, August 15th. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Finally, Credit Suisse Group cut Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.07.
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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