General American Investors Co. Inc. raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.1% during the second quarter, Holdings Channel reports. The fund owned 1,140,947 shares of the basic materials company’s stock after buying an additional 76,000 shares during the period. General American Investors Co. Inc.’s holdings in Cameco Corporation were worth $10,383,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Cameco Corporation by 1.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 15,404 shares of the basic materials company’s stock valued at $171,000 after buying an additional 200 shares during the last quarter. World Asset Management Inc boosted its stake in shares of Cameco Corporation by 1.3% in the first quarter. World Asset Management Inc now owns 24,653 shares of the basic materials company’s stock valued at $273,000 after buying an additional 326 shares during the last quarter. Korea Investment CORP boosted its stake in shares of Cameco Corporation by 1.8% in the second quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock valued at $227,000 after buying an additional 441 shares during the last quarter. Augustine Asset Management Inc. boosted its stake in shares of Cameco Corporation by 0.5% in the second quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock valued at $937,000 after buying an additional 474 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Cameco Corporation by 1.2% in the first quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock valued at $524,000 after buying an additional 592 shares during the last quarter. Institutional investors own 56.65% of the company’s stock.

Cameco Corporation (CCJ) opened at 10.15 on Thursday. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36. The firm’s market cap is $4.02 billion. The stock has a 50 day moving average of $9.78 and a 200 day moving average of $10.43.

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 for the quarter, topping analysts’ consensus estimates 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 business had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. During the same quarter last year, the firm earned ($0.14) earnings per share. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. Equities research analysts predict that Cameco Corporation will post $0.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.0799 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, September 28th. 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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Several equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a report on Tuesday, August 1st. Bank of America Corporation lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Credit Suisse Group lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $13.81.

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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Institutional Ownership by Quarter for Cameco Corporation (NYSE:CCJ)

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