William Blair Investment Management LLC purchased a new position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 339,977 shares of the basic materials company’s stock, valued at approximately $3,876,000. William Blair Investment Management LLC owned 0.09% of Cameco as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Cameco by 19.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 7,548,919 shares of the basic materials company’s stock valued at $86,059,000 after acquiring an additional 1,221,880 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Cameco by 101.4% in the second quarter. Toronto Dominion Bank now owns 2,217,695 shares of the basic materials company’s stock valued at $24,693,000 after acquiring an additional 1,116,361 shares during the last quarter. Keybank National Association OH raised its stake in shares of Cameco by 72.3% in the second quarter. Keybank National Association OH now owns 2,154,453 shares of the basic materials company’s stock valued at $24,238,000 after acquiring an additional 903,706 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cameco by 23.4% in the third quarter. Russell Investments Group Ltd. now owns 4,403,105 shares of the basic materials company’s stock valued at $50,161,000 after acquiring an additional 835,328 shares during the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Cameco by 23.5% in the third quarter. Jupiter Asset Management Ltd. now owns 2,650,913 shares of the basic materials company’s stock valued at $30,194,000 after acquiring an additional 504,000 shares during the last quarter. Hedge funds and other institutional investors own 48.49% of the company’s stock.

Shares of Cameco stock opened at $11.94 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.14 and a quick ratio of 1.57. The company has a market capitalization of $4.70 billion, a P/E ratio of 99.50 and a beta of 1.01. Cameco Corp has a fifty-two week low of $8.34 and a fifty-two week high of $12.78.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, November 2nd. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.12. The business had revenue of $488.00 million during the quarter, compared to analyst estimates of $576.92 million. Cameco had a negative net margin of 2.65% and a positive return on equity of 3.99%. Cameco’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.13) earnings per share. Equities analysts predict that Cameco Corp will post 0.2 earnings per share for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.0608 dividend. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, November 29th. Cameco’s dividend payout ratio is currently 50.00%.

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Cameco from a “d+” rating to a “c” rating in a research note on Monday, November 5th. Royal Bank of Canada raised their price target on shares of Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a report on Monday, November 5th. Bank of America raised shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. Zacks Investment Research raised shares of Cameco from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Monday, November 12th. Finally, Rosenblatt Securities lowered shares of Cameco to a “hold” rating in a report on Monday, November 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $15.00.

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Cameco Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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