Cameco Co. (NYSE:CCJ) Shares Sold by BNP Paribas

BNP Paribas decreased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,700 shares of the basic materials company’s stock after selling 16,377 shares during the quarter. BNP Paribas’ holdings in Cameco were worth $1,323,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. William Blair Investment Management LLC boosted its stake in shares of Cameco by 6.8% in the second quarter. William Blair Investment Management LLC now owns 4,160,009 shares of the basic materials company’s stock valued at $204,672,000 after purchasing an additional 265,196 shares during the period. Driehaus Capital Management LLC boosted its stake in shares of Cameco by 4.7% in the second quarter. Driehaus Capital Management LLC now owns 3,915,086 shares of the basic materials company’s stock valued at $192,622,000 after purchasing an additional 176,183 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the period. Cibc World Market Inc. boosted its stake in shares of Cameco by 3.7% in the second quarter. Cibc World Market Inc. now owns 3,272,805 shares of the basic materials company’s stock valued at $161,022,000 after purchasing an additional 117,722 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Cameco by 16.9% in the second quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock valued at $129,540,000 after purchasing an additional 381,176 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research reiterated a “buy” rating and issued a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. Finally, Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of $66.56.

Cameco Stock Down 1.4 %

Shares of NYSE:CCJ opened at $57.81 on Thursday. The company has a market capitalization of $25.16 billion, a PE ratio of 304.28 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $60.98. The firm has a 50 day simple moving average of $52.73 and a 200-day simple moving average of $48.81.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities analysts predict that Cameco Co. will post 0.7 EPS for the current fiscal year.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.118 dividend. This represents a dividend yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.09. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is presently 47.37%.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.