Guardian Capital LP Increases Position in Cameco Corporation (CCJ)
Guardian Capital LP increased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,551,295 shares of the basic materials company’s stock after purchasing an additional 94,350 shares during the quarter. Guardian Capital LP owned approximately 1.40% of Cameco Corporation worth $50,497,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CCJ. Wells Fargo & Company MN increased 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 purchasing an additional 340,746 shares during the period. Bank of New York Mellon Corp increased its position in Cameco Corporation by 9.1% in the first quarter. Bank of New York Mellon Corp now owns 494,298 shares of the basic materials company’s stock worth $5,472,000 after purchasing an additional 41,200 shares during the period. Comerica Bank increased its position in Cameco Corporation by 1.2% in the first quarter. Comerica Bank now owns 49,892 shares of the basic materials company’s stock worth $524,000 after purchasing an additional 592 shares during the period. World Asset Management Inc increased its position in 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 worth $273,000 after purchasing an additional 326 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in Cameco Corporation in the first quarter worth about $970,000. Hedge funds and other institutional investors own 56.53% of the company’s stock.
A number of brokerages recently commented on CCJ. BidaskClub lowered Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. Royal Bank Of Canada began coverage on Cameco Corporation in a research report on Thursday, June 29th. They issued an “outperform” rating and a $16.00 price objective for the company. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Cameco Corporation in a research report on Tuesday, August 15th. Finally, TheStreet upgraded Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.07.
Cameco Corporation (NYSE:CCJ) traded down 4.16% during trading on Friday, hitting $9.67. The stock had a trading volume of 3,861,277 shares. Cameco Corporation has a 52 week low of $7.41 and a 52 week high of $13.36. The company has a 50-day moving average of $9.97 and a 200 day moving average of $10.09. The company’s market cap is $3.83 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The company had revenue of $470.00 million during the quarter, compared to the consensus estimate of $383.81 million. During the same period last year, the company earned ($0.14) earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Cameco Corporation will post $0.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. Cameco Corporation’s dividend payout ratio (DPR) is -1,066.31%.
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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