Old West Investment Management LLC cut its position in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 841,028 shares of the basic materials company’s stock after selling 32,234 shares during the quarter. Cameco comprises 4.3% of Old West Investment Management LLC’s investment portfolio, making the stock its 6th biggest position. Old West Investment Management LLC owned about 0.21% of Cameco worth $8,132,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinebridge Investments L.P. purchased a new stake in Cameco in the 3rd quarter worth approximately $114,000. Quantbot Technologies LP purchased a new stake in shares of Cameco during the 3rd quarter valued at $109,000. Brookstone Capital Management raised its position in shares of Cameco by 9.8% during the 2nd quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock valued at $105,000 after buying an additional 1,033 shares in the last quarter. Usca Ria LLC raised its position in shares of Cameco by 4.6% during the 2nd quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock valued at $106,000 after buying an additional 510 shares in the last quarter. Finally, Mitchell Sinkler & Starr PA purchased a new stake in shares of Cameco during the 3rd quarter valued at $113,000. Institutional investors and hedge funds own 50.87% of the company’s stock.
Several analysts have recently weighed in on CCJ shares. Bank of America raised their price objective on shares of Cameco from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Tuesday, August 15th. Royal Bank Of Canada lowered their price objective on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, TheStreet cut shares of Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Cameco has an average rating of “Hold” and an average price target of $16.71.
Shares of Cameco Corp (NYSE:CCJ) traded down $0.32 during trading hours on Thursday, reaching $10.30. 1,944,800 shares of the company were exchanged, compared to its average volume of 2,582,578. Cameco Corp has a one year low of $7.68 and a one year high of $13.36. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.16 and a current ratio of 5.40.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, October 27th. The basic materials company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). The business had revenue of $486.00 million during the quarter, compared to analysts’ expectations of $486.84 million. Cameco had a negative return on equity of 0.69% and a negative net margin of 13.04%. Cameco’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. equities analysts forecast that Cameco Corp will post 0.05 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date is Thursday, December 28th. Cameco’s payout ratio is presently -57.14%.
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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