Cameco Corp. (NYSE:CCJ)’s share price shot up 2.3% on Thursday . The company traded as high as $10.97 and last traded at $10.93, with a volume of 1,114,580 shares. The stock had previously closed at $10.68.

A number of research firms have weighed in on CCJ. Zacks Investment Research upgraded shares of Cameco Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 14th. Vetr upgraded shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $11.88 price objective for the company in a research report on Thursday, May 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Cameco Corp. in a research report on Tuesday, April 26th. Scotiabank cut shares of Cameco Corp. from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 7th. Finally, CIBC restated a “sector outperform” rating and set a $22.00 price objective on shares of Cameco Corp. in a research report on Saturday, April 23rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Cameco Corp. presently has a consensus rating of “Buy” and a consensus price target of $18.23.

The stock has a market capitalization of $4.27 billion and a PE ratio of 37.34. The stock’s 50 day moving average price is $11.19 and its 200 day moving average price is $11.83.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a $0.0789 dividend. This is a boost from Cameco Corp.’s previous quarterly dividend of $0.07. The ex-dividend date was Tuesday, June 28th. This represents a $0.32 dividend on an annualized basis and a yield of 2.92%.

A number of institutional investors have recently bought and sold shares of the stock. OppenheimerFunds Inc. raised its position in 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 during the period. Wells Fargo & Company MN raised its position in 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 during the period. Schroder Investment Management Group raised its position in 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 during the period. I.G. Investment Management LTD. raised its position in 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 during the period. Finally, Dimensional Fund Advisors LP raised its position in 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 during the period.

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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