Cameco Corporation (CCJ) Position Reduced by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 1,720,737 shares of the basic materials company’s stock after selling 20,568 shares during the period. Dimensional Fund Advisors LP’s holdings in Cameco Corporation were worth $19,049,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Cameco Corporation by 89.7% in the fourth quarter. FMR LLC now owns 233,000 shares of the basic materials company’s stock worth $2,437,000 after buying an additional 110,200 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Cameco Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 119,035 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 2,800 shares during the last quarter. TB Alternative Assets Ltd. purchased a new position in Cameco Corporation during the first quarter worth $4,397,000. Bank of The West purchased a new position in Cameco Corporation during the first quarter worth $116,000. Finally, DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Cameco Corporation during the first quarter worth $113,000. 56.65% of the stock is owned by institutional investors.
Cameco Corporation (NYSE:CCJ) traded up 0.52% during trading on Friday, reaching $9.71. 2,159,258 shares of the company were exchanged. The stock has a 50 day moving average price of $9.82 and a 200 day moving average price of $10.41. The firm’s market capitalization is $3.84 billion. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The firm had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. During the same period last year, the firm posted ($0.14) EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect that Cameco Corporation will post $0.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.0799 per share. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, September 28th. Cameco Corporation’s dividend payout ratio (DPR) is -999.67%.
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A number of research analysts have weighed in on CCJ shares. Credit Suisse Group reaffirmed a “neutral” rating on shares of Cameco Corporation in a report on Tuesday, April 18th. Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. BidaskClub cut shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a report on Thursday, June 29th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Bank of America Corporation cut shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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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