Raymond James Financial Services Advisors Inc. lowered its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 81.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,332 shares of the basic materials company’s stock after selling 50,071 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Cameco were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Aperio Group LLC grew its stake in Cameco by 44.8% during the 2nd quarter. Aperio Group LLC now owns 126,872 shares of the basic materials company’s stock valued at $1,155,000 after acquiring an additional 39,272 shares in the last quarter. Sei Investments Co. grew its stake in Cameco by 27,993.0% during the 2nd quarter. Sei Investments Co. now owns 765,815 shares of the basic materials company’s stock valued at $6,968,000 after acquiring an additional 763,089 shares in the last quarter. Korea Investment CORP grew its stake in Cameco by 1.8% during the 2nd quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock valued at $227,000 after acquiring an additional 441 shares in the last quarter. Morningstar Investment Services LLC grew its stake in Cameco by 34.3% during the 2nd quarter. Morningstar Investment Services LLC now owns 636,696 shares of the basic materials company’s stock valued at $5,794,000 after acquiring an additional 162,746 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in Cameco by 25.6% during the 2nd quarter. SG Americas Securities LLC now owns 34,223 shares of the basic materials company’s stock valued at $311,000 after acquiring an additional 6,968 shares in the last quarter. 50.87% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have weighed in on CCJ. BidaskClub cut Cameco from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Tuesday, August 15th. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. TheStreet cut Cameco from a “c” rating to a “d+” rating in a research note on Friday, October 27th. Finally, Royal Bank of Canada lowered their price target on Cameco from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, October 20th. Four analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.71.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). The firm had revenue of $486.00 million during the quarter, compared to the consensus estimate of $486.84 million. Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The company’s quarterly revenue was down 27.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 EPS. equities research analysts anticipate that Cameco Corp will post 0.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.078 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.31 annualized dividend and a dividend yield of 2.95%. Cameco’s payout ratio is -57.14%.
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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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