Alliancebernstein L.P. reduced its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,577 shares of the basic materials company’s stock after selling 1,638 shares during the period. Alliancebernstein L.P.’s holdings in Cameco Corporation were worth $549,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. General American Investors Co. Inc. raised its position in shares of Cameco Corporation by 30.5% in the first quarter. General American Investors Co. Inc. now owns 1,064,947 shares of the basic materials company’s stock worth $11,789,000 after buying an additional 249,128 shares during the period. Brookstone Capital Management purchased a new position in shares of Cameco Corporation during the first quarter worth about $116,000. Wells Fargo & Company MN raised its position in Cameco Corporation by 148.4% in the first quarter. Wells Fargo & Company MN now owns 570,330 shares of the basic materials company’s stock worth $6,314,000 after buying an additional 340,746 shares during the last quarter. Russell Investments Group Ltd. raised its position in Cameco Corporation by 5.7% in the first quarter. Russell Investments Group Ltd. now owns 4,782,400 shares of the basic materials company’s stock worth $52,862,000 after buying an additional 258,064 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Cameco Corporation during the first quarter worth $116,000. Institutional investors own 56.48% of the company’s stock.
Shares of Cameco Corporation (NYSE:CCJ) opened at 9.68 on Friday. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36. The stock’s 50 day moving average is $9.85 and its 200 day moving average is $10.30. The stock’s market cap is $3.83 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The firm had revenue of $470 million for the quarter, compared to analyst estimates of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. Cameco Corporation’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) earnings per share. On average, equities analysts expect that Cameco Corporation will post $0.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.0799 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 3.30%. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio (DPR) is currently -999.67%.
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A number of research firms have recently commented on CCJ. BidaskClub cut Cameco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research report on Tuesday. TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Bank of America Corporation cut Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Finally, Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.07.
Cameco Corporation 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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