Cameco Corporation (CCJ) Shares Sold by Swiss National Bank
Swiss National Bank lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,527,400 shares of the basic materials company’s stock after selling 75,400 shares during the period. Swiss National Bank owned about 0.39% of Cameco Corporation worth $13,912,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of CCJ. Brookstone Capital Management raised its stake in shares of Cameco Corporation by 9.8% during the second quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 1,033 shares in the last quarter. Usca Ria LLC raised its stake in shares of Cameco Corporation by 4.6% during the second quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 510 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Cameco Corporation during the first quarter valued at approximately $116,000. Creative Planning raised its stake in shares of Cameco Corporation by 55.3% during the second quarter. Creative Planning now owns 15,541 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 5,531 shares in the last quarter. Finally, Hollencrest Securities LLC bought a new stake in shares of Cameco Corporation during the second quarter valued at approximately $155,000. 56.57% of the stock is owned by hedge funds and other institutional investors.
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Several analysts have recently weighed in on CCJ shares. Zacks Investment Research downgraded shares of Cameco Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They set an “outperform” rating and a $16.00 price target for the company. BidaskClub raised shares of Cameco Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Credit Suisse Group downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Finally, Bank of America Corporation downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Cameco Corporation has a consensus rating of “Hold” and an average target price of $13.07.
Cameco Corporation (NYSE:CCJ) opened at 10.20 on Tuesday. Cameco Corporation has a one year low of $7.41 and a one year high of $13.36. The company’s 50-day moving average is $9.98 and its 200 day moving average is $10.13. The stock’s market capitalization is $4.04 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The company had revenue of $470 million for the quarter, compared to analyst estimates of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.14) EPS. Equities analysts expect that Cameco Corporation will post $0.17 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.0799 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 3.13%. Cameco Corporation’s dividend payout ratio is -999.67%.
Cameco Corporation 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.
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