Caisse DE Depot ET Placement DU Quebec lifted its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 32.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,182,205 shares of the basic materials company’s stock after purchasing an additional 3,995,805 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 4.09% of Cameco worth $156,571,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in CCJ. Brookstone Capital Management increased its holdings in shares of Cameco by 9.8% in the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 1,033 shares during the period. Usca Ria LLC grew its position in Cameco by 4.6% in the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 510 shares in the last quarter. Quantbot Technologies LP purchased a new position in Cameco in the third quarter worth $109,000. Mitchell Sinkler & Starr PA purchased a new position in Cameco in the third quarter worth $113,000. Finally, Pinebridge Investments L.P. purchased a new position in Cameco in the third quarter worth $114,000. 50.87% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Corp (NYSE:CCJ) opened at $10.51 on Tuesday. Cameco Corp has a 1 year low of $7.68 and a 1 year high of $13.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.078 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.31 annualized dividend and a yield of 2.97%. Cameco’s payout ratio is -57.14%.
Several research analysts recently issued reports on CCJ shares. BidaskClub lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research report on Tuesday, August 15th. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Scotiabank lowered shares of Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Finally, Bank of America upped their target price on shares of Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Cameco currently has an average rating of “Hold” and a consensus price target of $16.71.
Cameco 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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