Cameco Corp. (NYSE:CCJ)’s share price dropped 1.9% during trading on Friday . The company traded as low as $10.32 and last traded at $10.33, with a volume of 778,947 shares. The stock had previously closed at $10.53.

CCJ has been the topic of a number of recent research reports. Scotiabank lowered Cameco Corp. from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 7th. Zacks Investment Research upgraded Cameco Corp. from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 7th. Royal Bank Of Canada restated an “outperform” rating and set a $24.00 price objective on shares of Cameco Corp. in a research note on Tuesday, April 19th. CIBC restated a “sector outperform” rating and set a $22.00 price objective on shares of Cameco Corp. in a research note on Saturday, April 23rd. Finally, Vetr lowered Cameco Corp. from a “strong-buy” rating to a “buy” rating and set a $14.58 price objective on the stock. in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $18.23.

The firm has a market cap of $4.10 billion and a P/E ratio of 35.20. The stock’s 50-day moving average is $11.05 and its 200 day moving average is $11.78.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.0789 dividend. This represents a $0.32 annualized dividend and a dividend yield of 3.05%. This is an increase from Cameco Corp.’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Tuesday, June 28th.

Several institutional investors have added to or reduced their stakes in CCJ. 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 valued at $8,383,000 after buying an additional 255,800 shares in the last quarter. I.G. Investment Management LTD. increased 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 valued at $10,760,000 after buying an additional 75,950 shares during the last quarter. Wells Fargo & Company MN increased 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 valued at $12,970,000 after buying an additional 86,770 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased 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 valued at $16,701,000 after buying an additional 32,021 shares during 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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