BlackRock Advisors LLC Sells 238,046 Shares of Cameco Corp. (CCJ)
BlackRock Advisors LLC decreased its position in shares of Cameco Corp. (NYSE:CCJ) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,392,133 shares of the company’s stock after selling 238,046 shares during the period. BlackRock Advisors LLC owned about 1.11% of Cameco Corp. worth $48,182,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Quantbot Technologies LP increased its stake in shares of Cameco Corp. by 1.3% in the second quarter. Quantbot Technologies LP now owns 52,212 shares of the company’s stock worth $572,000 after buying an additional 645 shares during the last quarter. Highstreet Asset Management Inc. increased its stake in shares of Cameco Corp. by 4.0% in the second quarter. Highstreet Asset Management Inc. now owns 37,810 shares of the company’s stock worth $415,000 after buying an additional 1,451 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Cameco Corp. by 10.2% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 16,204 shares of the company’s stock worth $178,000 after buying an additional 1,500 shares during the last quarter. CWM LLC increased its stake in shares of Cameco Corp. by 2.3% in the second quarter. CWM LLC now owns 68,708 shares of the company’s stock worth $754,000 after buying an additional 1,537 shares during the last quarter. Finally, AXA increased its stake in shares of Cameco Corp. by 3.5% in the first quarter. AXA now owns 52,950 shares of the company’s stock worth $682,000 after buying an additional 1,801 shares during the last quarter. 55.87% of the stock is owned by hedge funds and other institutional investors.
Cameco Corp. (NYSE:CCJ) opened at 8.77 on Monday. Cameco Corp. has a 12-month low of $8.57 and a 12-month high of $14.52. The company’s market cap is $3.47 billion. The firm’s 50 day moving average is $9.49 and its 200 day moving average is $11.23.
Cameco Corp. (NYSE:CCJ) last posted its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.30. The firm earned $466 million during the quarter, compared to analyst estimates of $568.78 million. Cameco Corp. had a negative net margin of 3.18% and a positive return on equity of 2.96%. The business’s revenue for the quarter was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Cameco Corp. will post $0.70 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.0757 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, September 28th. Cameco Corp.’s dividend payout ratio (DPR) is -206.65%.
A number of equities research analysts have recently issued reports on the stock. Vetr raised shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Cameco Corp. in a research report on Wednesday, June 1st. RBC Capital Markets reissued an “outperform” rating and set a $15.00 price objective (down previously from $17.00) on shares of Cameco Corp. in a research report on Thursday, August 11th. TheStreet downgraded shares of Cameco Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of Cameco Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Cameco Corp. currently has a consensus rating of “Buy” and an average target price of $17.06.
About Cameco Corp.
Cameco Corporation (Cameco) is a uranium producer. The Company is 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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