Cameco Corp. (NYSE:CCJ) shares saw an uptick in trading volume on Wednesday . 1,866,181 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 1,748,670 shares.The stock last traded at $10.67 and had previously closed at $10.79.

Several brokerages have recently commented on CCJ. Vetr downgraded Cameco Corp. from a “strong-buy” rating to a “buy” rating and set a $14.58 target price for the company. in a research note on Friday, April 29th. CIBC restated a “sector outperform” rating and issued a $22.00 target price on shares of Cameco Corp. in a research note on Saturday, April 23rd. Scotiabank restated a “sector perform” rating and issued a $16.50 target price (down from $17.50) on shares of Cameco Corp. in a research note on Tuesday, April 26th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cameco Corp. in a research note on Tuesday, April 26th. Finally, Zacks Investment Research upgraded Cameco Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Cameco Corp. has an average rating of “Buy” and an average price target of $18.23.

The firm has a market cap of $4.23 billion and a PE ratio of 36.58. The firm has a 50-day moving average price of $11.24 and a 200 day moving average price of $11.85.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.0789 per share. This is an increase from Cameco Corp.’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, June 28th.

Several institutional investors have made changes to their positions in CCJ. Schroder Investment Management Group increased its position in shares of Cameco Corp. by 108.7% in the fourth quarter. Schroder Investment Management Group now owns 491,100 shares of the company’s stock worth $8,383,000 after buying an additional 255,800 shares in the last quarter. I.G. Investment Management LTD. increased its position in shares of Cameco Corp. by 9.5% in the fourth quarter. I.G. Investment Management LTD. now owns 871,725 shares of the company’s stock worth $10,760,000 after buying an additional 75,950 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Cameco Corp. by 9.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,051,889 shares of the company’s stock worth $12,970,000 after buying an additional 86,770 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Cameco Corp. by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,354,467 shares of the company’s stock worth $16,701,000 after buying an additional 32,021 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position in shares of Cameco Corp. by 20.0% in the fourth quarter. OppenheimerFunds Inc. now owns 3,545,235 shares of the company’s stock worth $43,713,000 after buying an additional 590,695 shares in the last quarter.

Cameco Corporation (Cameco) is a uranium producer. The Company is 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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