PCJ Investment Counsel Ltd. Reduces Holdings in Cameco Co. (NYSE:CCJ)

PCJ Investment Counsel Ltd. trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 39.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,510 shares of the basic materials company's stock after selling 10,210 shares during the period. PCJ Investment Counsel Ltd.'s holdings in Cameco were worth $741,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Blair William & Co. IL raised its position in shares of Cameco by 2.0% in the 1st quarter. Blair William & Co. IL now owns 30,087 shares of the basic materials company's stock worth $1,303,000 after buying an additional 601 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cameco by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company's stock worth $689,306,000 after purchasing an additional 200,871 shares during the period. Acadian Asset Management LLC lifted its position in shares of Cameco by 7.6% during the first quarter. Acadian Asset Management LLC now owns 58,200 shares of the basic materials company's stock worth $2,520,000 after purchasing an additional 4,100 shares in the last quarter. Seven Eight Capital LP bought a new stake in Cameco in the first quarter valued at approximately $679,000. Finally, UniSuper Management Pty Ltd lifted its stake in Cameco by 103.3% in the first quarter. UniSuper Management Pty Ltd now owns 6,100 shares of the basic materials company's stock valued at $264,000 after acquiring an additional 3,100 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 0.6 %

NYSE:CCJ traded down $0.37 on Wednesday, hitting $57.09. 3,445,093 shares of the company's stock were exchanged, compared to its average volume of 4,451,889. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a 50-day moving average price of $50.51 and a 200-day moving average price of $48.47. The company has a market cap of $24.84 billion, a P/E ratio of 303.63 and a beta of 0.89. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.75.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco's revenue for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. As a group, analysts expect that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be paid a $0.118 dividend. This is a boost from Cameco's previous annual dividend of $0.09. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio is 57.89%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CCJ shares. Scotiabank lowered their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research report on Wednesday, July 31st. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Glj Research reaffirmed a "buy" rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $66.56.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.