Cameco Corp (CCJ) Shares Bought by Caisse DE Depot ET Placement DU Quebec

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.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.20). Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The business had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $486.84 million. During the same quarter in the previous year, the company earned $0.30 earnings per share. The business’s quarterly revenue was down 27.5% on a year-over-year basis. analysts forecast that Cameco Corp will post 0.05 EPS for the current fiscal year.

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.

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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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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