Principal Financial Group Inc. acquired a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,000 shares of the basic materials company’s stock, valued at approximately $182,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Korea Investment CORP lifted its stake in 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. lifted its stake in 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. Usca Ria LLC lifted its stake in Cameco Corporation by 4.6% in the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after buying an additional 510 shares during the last quarter. Comerica Bank lifted its stake in 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. Finally, Brookstone Capital Management lifted its stake in Cameco Corporation by 9.8% in the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after buying an additional 1,033 shares during the last quarter. Institutional investors own 56.51% of the company’s stock.

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A number of equities research analysts have weighed in on the company. Scotiabank cut Cameco Corporation from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, October 3rd. BidaskClub cut Cameco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada assumed coverage on Cameco Corporation in a research note on Thursday, June 29th. They issued an “outperform” rating and a $16.00 price objective for the company. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Three equities research 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 stock has a consensus rating of “Hold” and an average price target of $15.22.

Cameco Corporation (NYSE CCJ) opened at 9.09 on Wednesday. The stock has a 50 day moving average price of $9.78 and a 200-day moving average price of $9.90. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36. The firm’s market cap is $3.60 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.03. The business had revenue of $470.00 million for the quarter, compared to the consensus estimate of $383.81 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business posted ($0.14) EPS. Equities analysts forecast that Cameco Corporation will post $0.15 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.0799 dividend. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, September 28th. This represents a $0.32 annualized dividend and a dividend yield of 3.52%. 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.

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

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