Cameco Corporation (CCJ) Shares Bought by Bridgewater Associates LP
Bridgewater Associates LP increased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,606 shares of the basic materials company’s stock after acquiring an additional 11,952 shares during the period. Bridgewater Associates LP’s holdings in Cameco Corporation were worth $997,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Brookstone Capital Management raised its holdings 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 worth $105,000 after acquiring an additional 1,033 shares during the period. Usca Ria LLC raised its holdings 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 worth $106,000 after acquiring an additional 510 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth $116,000. HRT Financial LLC acquired a new stake in shares of Cameco Corporation during the second quarter worth $129,000. Finally, Creative Planning raised its holdings 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 worth $141,000 after acquiring an additional 5,531 shares during the period. Institutional investors and hedge funds own 56.57% of the company’s stock.
Cameco Corporation (NYSE:CCJ) opened at 10.14 on Friday. The company has a 50-day moving average of $9.99 and a 200-day moving average of $10.11. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36. The company’s market cap is $4.01 billion.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $470.00 million for the quarter, compared to the consensus estimate of $383.81 million. During the same quarter in the prior year, the company posted ($0.14) earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Cameco Corporation will post $0.17 earnings per share for the current fiscal year.
The firm also recently disclosed 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. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, September 28th. This represents a $0.32 annualized dividend and a yield of 3.15%. Cameco Corporation’s dividend payout ratio is presently -999.67%.
A number of research analysts recently weighed in on the stock. BidaskClub downgraded shares of Cameco Corporation from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Cameco Corporation in a research report on Tuesday, August 15th. Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. TheStreet raised shares of Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Finally, Credit Suisse Group downgraded shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.07.
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Cameco Corporation Company 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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