Cameco Corp (CCJ) Stake Boosted by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 7.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 377,984 shares of the basic materials company’s stock after purchasing an additional 27,717 shares during the quarter. Northern Trust Corp’s holdings in Cameco were worth $4,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. boosted its position in Cameco by 39.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 6,327,039 shares of the basic materials company’s stock valued at $71,179,000 after buying an additional 1,779,069 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Cameco by 71.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock valued at $42,826,000 after buying an additional 1,593,300 shares during the last quarter. Toronto Dominion Bank boosted its position in 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 buying an additional 1,116,361 shares during the last quarter. Keybank National Association OH boosted its position in 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 buying an additional 903,706 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Cameco by 693.5% in the second quarter. Janus Henderson Group PLC now owns 515,819 shares of the basic materials company’s stock valued at $5,808,000 after buying an additional 450,810 shares during the last quarter. Hedge funds and other institutional investors own 51.36% of the company’s stock.

Cameco stock opened at $11.91 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 2.14. Cameco Corp has a 12 month low of $8.34 and a 12 month high of $12.78. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 99.25 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, November 2nd. The basic materials company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.12. Cameco had a positive return on equity of 3.99% and a negative net margin of 2.65%. The business had revenue of $488.00 million for the quarter, compared to analyst estimates of $576.92 million. During the same quarter in the prior year, the firm posted ($0.13) EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. Sell-side analysts expect that Cameco Corp will post 0.02 earnings per share for the current year.

The business also recently disclosed an annual dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a $0.0608 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a yield of 0.49%. Cameco’s dividend payout ratio is presently 66.67%.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Cameco from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Monday, November 12th. TheStreet upgraded Cameco from a “d+” rating to a “c” rating in a research report on Monday, November 5th. TD Securities upgraded Cameco from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Scotia Howard Weill upgraded Cameco from a “sector underperform” rating to a “sector perform” rating in a research report on Friday, September 28th. Finally, Rosenblatt Securities lowered Cameco to a “hold” rating in a research report on Monday, November 5th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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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