Shares of Cameco Corp. (NYSE:CCJ) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $10.15 and last traded at $10.18, with a volume of 783,948 shares trading hands. The stock had previously closed at $10.35.

Several analysts recently issued reports on the stock. RBC Capital Markets reaffirmed an “outperform” rating and issued a $17.00 price target (down from $20.00) on shares of Cameco Corp. in a report on Tuesday. Royal Bank Of Canada cut their price target on shares of Cameco Corp. from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday. Bank of America Corp. cut shares of Cameco Corp. from a “buy” rating to an “underperform” rating in a report on Thursday, July 21st. Vetr raised shares of Cameco Corp. from a “hold” rating to a “buy” rating and set a $11.12 price target on the stock in a report on Wednesday, June 29th. Finally, Zacks Investment Research raised shares of Cameco Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Cameco Corp. presently has a consensus rating of “Hold” and a consensus price target of $17.20.

The firm has a market cap of $4.22 billion and a P/E ratio of 36.670. The firm has a 50 day moving average price of $10.97 and a 200 day moving average price of $11.77.

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.0789 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.32 annualized dividend and a yield of 2.99%. This is an increase from Cameco Corp.’s previous quarterly dividend of $0.07.

A number of institutional investors recently made changes to their positions in CCJ. 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 valued at $12,970,000 after buying an additional 86,770 shares during the period. 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 valued at $8,383,000 after buying an additional 255,800 shares during the period. 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 valued at $10,760,000 after buying an additional 75,950 shares during the period. Finally, 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 valued at $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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.