JPMorgan Chase & Co. Purchases 450,970 Shares of Cameco Corp (CCJ)
JPMorgan Chase & Co. lifted its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 295.8% in the 3rd quarter, Holdings Channel reports. The fund owned 603,408 shares of the basic materials company’s stock after buying an additional 450,970 shares during the period. JPMorgan Chase & Co.’s holdings in Cameco were worth $6,879,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in CCJ. DORCHESTER WEALTH MANAGEMENT Co bought a new position in Cameco in the 3rd quarter valued at about $125,000. Natixis bought a new position in Cameco in the 2nd quarter valued at about $130,000. Ayalon Holdings Ltd. bought a new position in Cameco in the 3rd quarter valued at about $149,000. Tower Research Capital LLC TRC grew its position in Cameco by 154.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,109 shares of the basic materials company’s stock valued at $158,000 after buying an additional 8,573 shares in the last quarter. Finally, First City Capital Management Inc. bought a new position in Cameco in the 2nd quarter valued at about $181,000. Institutional investors and hedge funds own 48.45% of the company’s stock.
Shares of NYSE CCJ opened at $11.96 on Friday. Cameco Corp has a twelve month low of $8.34 and a twelve month high of $12.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.14 and a quick ratio of 1.57. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 30.67 and a beta of 1.01.
The firm also recently declared an annual dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were issued a $0.0608 dividend. This represents a yield of 0.49%. The ex-dividend date was Thursday, November 29th. Cameco’s payout ratio is 50.00%.
CCJ has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Bank of America upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, November 19th. Royal Bank of Canada increased their target price on shares of Cameco from $15.00 to $16.00 and gave the company a “sector perform” rating in a research report on Monday, November 5th. TheStreet upgraded shares of Cameco from a “d+” rating to a “c” rating in a research report on Monday, November 5th. Finally, Raymond James upgraded shares of Cameco from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 27th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.00.
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Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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