Schroder Investment Management Group Has $40.05 Million Position in Cameco Corp (CCJ)
Schroder Investment Management Group lifted its holdings in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 165.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,193,443 shares of the basic materials company’s stock after buying an additional 1,991,550 shares during the quarter. Schroder Investment Management Group owned 0.81% of Cameco worth $40,046,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Cameco by 4.1% during the second quarter. Vanguard Group Inc. now owns 9,352,660 shares of the basic materials company’s stock worth $85,108,000 after purchasing an additional 371,126 shares in the last quarter. Kopernik Global Investors LLC boosted its position in Cameco by 5.9% during the third quarter. Kopernik Global Investors LLC now owns 8,156,651 shares of the basic materials company’s stock worth $78,875,000 after purchasing an additional 452,350 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Cameco by 27.7% during the third quarter. Russell Investments Group Ltd. now owns 7,471,274 shares of the basic materials company’s stock worth $72,186,000 after purchasing an additional 1,620,358 shares in the last quarter. Global X MANAGEMENT CO LLC boosted its position in Cameco by 21.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 6,772,733 shares of the basic materials company’s stock worth $65,255,000 after purchasing an additional 1,184,992 shares in the last quarter. Finally, Guardian Capital LP boosted its position in Cameco by 1.7% during the second quarter. Guardian Capital LP now owns 5,551,295 shares of the basic materials company’s stock worth $50,497,000 after purchasing an additional 94,350 shares in the last quarter. Hedge funds and other institutional investors own 50.88% of the company’s stock.
CCJ has been the topic of a number of research analyst reports. Scotiabank downgraded Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Bank of America boosted their price target on Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a report on Wednesday, October 4th. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada cut their price target on Cameco from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, October 20th. Finally, TheStreet cut Cameco from a “c” rating to a “d+” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.71.
Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.20). Cameco had a negative return on equity of 0.69% and a negative net margin of 13.04%. The company had revenue of $486.00 million during the quarter, compared to analyst estimates of $486.84 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue was down 27.5% compared to the same quarter last year. equities analysts anticipate that Cameco Corp will post 0.05 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.078 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.29%. Cameco’s dividend payout ratio (DPR) is -57.14%.
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Cameco 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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