Tocqueville Asset Management L.P. Has $15,201,000 Position in Cameco Corp. (CCJ)
Tocqueville Asset Management L.P. increased its stake in shares of Cameco Corp. (NYSE:CCJ) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,385,724 shares of the company’s stock after buying an additional 5,075 shares during the period. Tocqueville Asset Management L.P. owned 0.35% of Cameco Corp. worth $15,201,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS bought a new position in shares of Cameco Corp. during the second quarter valued at $110,000. Advisory Services Network LLC increased its position in shares of Cameco Corp. by 118.8% in the second quarter. Advisory Services Network LLC now owns 14,737 shares of the company’s stock valued at $162,000 after buying an additional 8,002 shares during the last quarter. Capital Fund Management S.A. increased its position in shares of Cameco Corp. by 2,952.3% in the second quarter. Capital Fund Management S.A. now owns 393,804 shares of the company’s stock valued at $4,320,000 after buying an additional 380,902 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of Cameco Corp. during the second quarter valued at $452,000. Finally, Highstreet Asset Management Inc. increased its position in shares of Cameco Corp. by 4.0% in the second quarter. Highstreet Asset Management Inc. now owns 37,810 shares of the company’s stock valued at $415,000 after buying an additional 1,451 shares during the last quarter. Hedge funds and other institutional investors own 55.84% of the company’s stock.
Cameco Corp. (NYSE:CCJ) traded up 2.94% during midday trading on Friday, hitting $8.05. The company’s stock had a trading volume of 2,889,810 shares. The company’s 50-day moving average is $8.73 and its 200 day moving average is $10.63. Cameco Corp. has a one year low of $7.45 and a one year high of $14.52. The company’s market cap is $3.19 billion.
Cameco Corp. (NYSE:CCJ) last issued its earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.30. The firm earned $466 million during the quarter, compared to analysts’ expectations of $568.78 million. Cameco Corp. had a positive return on equity of 2.96% and a negative net margin of 3.18%. Cameco Corp.’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. On average, analysts predict that Cameco Corp. will post $0.70 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.0757 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Wednesday, September 28th. Cameco Corp.’s dividend payout ratio (DPR) is currently -206.65%.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Cameco Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday. Scotiabank reiterated a “sector perform” rating and issued a $13.50 price objective on shares of Cameco Corp. in a report on Thursday, September 22nd. RBC Capital Markets reiterated an “outperform” rating and issued a $15.00 price objective (down from $17.00) on shares of Cameco Corp. in a report on Thursday, August 11th. Dundee Securities reiterated a “buy” rating and issued a $17.50 price objective on shares of Cameco Corp. in a report on Wednesday, August 10th. Finally, Royal Bank Of Canada reduced their price objective on Cameco Corp. from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Cameco Corp. presently has a consensus rating of “Hold” and a consensus price target of $16.86.
About Cameco Corp.
Cameco Corporation (Cameco) is a uranium producer. The Company is 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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