Toronto Dominion Bank Has $39.02 Million Stock Position in Cameco Co. (NYSE:CCJ)

Toronto Dominion Bank raised its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 172.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 817,028 shares of the basic materials company's stock after buying an additional 517,035 shares during the quarter. Toronto Dominion Bank owned about 0.19% of Cameco worth $39,021,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its position in shares of Cameco by 6.8% during the 2nd quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company's stock worth $204,672,000 after buying an additional 265,196 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company's stock worth $192,622,000 after acquiring an additional 176,183 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock valued at $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Cibc World Market Inc. grew its holdings in shares of Cameco by 3.7% during the 2nd quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company's stock valued at $161,022,000 after purchasing an additional 117,722 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Cameco by 16.9% during the 2nd quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company's stock worth $129,540,000 after purchasing an additional 381,176 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CCJ shares. Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research note on Monday, August 19th. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research report on Friday, October 4th. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Glj Research restated a "buy" rating and set a $63.73 price target on shares of Cameco in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco currently has an average rating of "Buy" and an average price target of $66.56.

Cameco Trading Down 3.1 %

Shares of CCJ stock traded down $1.80 on Thursday, hitting $56.01. The company had a trading volume of 4,411,315 shares, compared to its average volume of 4,413,954. The stock's 50-day moving average is $55.27 and its two-hundred day moving average is $49.37. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market cap of $24.37 billion, a P/E ratio of 294.79 and a beta of 0.91. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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 firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business posted $0.24 EPS. The firm's revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities research analysts anticipate that Cameco Co. will post 0.51 earnings per share for the current fiscal year.

Cameco Increases Dividend

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

Cameco 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.