Saturna Capital Corp trimmed its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 71.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,761 shares of the basic materials company's stock after selling 16,715 shares during the period. Saturna Capital Corp's holdings in Cameco were worth $323,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Cumberland Partners Ltd grew its holdings in shares of Cameco by 1.5% during the third quarter. Cumberland Partners Ltd now owns 274,843 shares of the basic materials company's stock valued at $13,144,000 after buying an additional 4,140 shares during the last quarter. Verus Capital Partners LLC lifted its position in Cameco by 8.9% in the 3rd quarter. Verus Capital Partners LLC now owns 17,582 shares of the basic materials company's stock valued at $840,000 after acquiring an additional 1,432 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Cameco by 144.0% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 121,881 shares of the basic materials company's stock valued at $5,822,000 after purchasing an additional 71,940 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Cameco during the 3rd quarter worth approximately $1,832,000. Finally, Nations Financial Group Inc. IA ADV raised its stake in shares of Cameco by 134.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 66,043 shares of the basic materials company's stock worth $3,154,000 after purchasing an additional 37,868 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Scotiabank reduced their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research note on Monday, August 19th. Glj Research reiterated a "buy" rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. National Bank Financial upgraded shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $66.56.
Check Out Our Latest Stock Report on Cameco
Cameco Stock Performance
CCJ traded down $1.41 during trading on Wednesday, hitting $53.00. 5,119,616 shares of the company traded hands, compared to its average volume of 4,418,504. The firm has a market cap of $23.06 billion, a P/E ratio of 280.07 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. The stock's fifty day moving average is $48.82 and its 200 day moving average is $48.23.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analysts' expectations of $646.83 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company's revenue for the quarter was up 25.4% on a year-over-year basis. As a group, equities analysts predict that Cameco Co. will post 0.69 EPS for the current fiscal year.
Cameco Increases Dividend
The company also recently declared an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.118 per share. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.09. Cameco's dividend payout ratio is currently 47.37%.
Cameco Profile
(
Free Report)
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.
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