World Asset Management Inc cut its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 23,309 shares of the basic materials company’s stock after selling 1,344 shares during the period. World Asset Management Inc’s holdings in Cameco Corporation were worth $212,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in Cameco Corporation during the first quarter valued at approximately $113,000. Brookstone Capital Management purchased a new stake in Cameco Corporation during the first quarter valued at approximately $116,000. Bank of The West purchased a new stake in Cameco Corporation during the first quarter valued at approximately $116,000. Janney Montgomery Scott LLC purchased a new stake in Cameco Corporation during the first quarter valued at approximately $116,000. Finally, Usca Ria LLC purchased a new stake in Cameco Corporation during the first quarter valued at approximately $124,000. Institutional investors own 56.48% of the company’s stock.

Shares of Cameco Corporation (NYSE:CCJ) opened at 9.68 on Monday. 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 $9.85 and a 200 day moving average of $10.30. The firm’s market cap is $3.83 billion.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.03. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The company had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. During the same period in the prior year, the company earned ($0.14) EPS. Cameco Corporation’s revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Corporation will post $0.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.0799 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.30%. 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 is presently -999.67%.

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Several research firms have recently commented on CCJ. BidaskClub cut shares of Cameco Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada began coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They issued an “outperform” rating and a $16.00 target price for the company. Raymond James Financial, Inc. restated an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. Finally, TheStreet upgraded shares of Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.07.

About Cameco Corporation

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

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