Franklin Resources Inc. Sells 10,599 Shares of Cameco Co. (NYSE:CCJ)

Franklin Resources Inc. decreased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,172 shares of the basic materials company’s stock after selling 10,599 shares during the period. Franklin Resources Inc.’s holdings in Cameco were worth $6,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dantai Capital Ltd raised its stake in shares of Cameco by 36.9% in the 2nd quarter. Dantai Capital Ltd now owns 39,700 shares of the basic materials company’s stock valued at $1,953,000 after purchasing an additional 10,700 shares during the period. Riggs Asset Managment Co. Inc. acquired a new stake in Cameco in the 2nd quarter valued at approximately $2,028,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cameco by 48.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 208,204 shares of the basic materials company’s stock worth $10,242,000 after acquiring an additional 67,637 shares during the last quarter. Tobam grew its stake in shares of Cameco by 240.1% during the 2nd quarter. Tobam now owns 21,820 shares of the basic materials company’s stock worth $1,074,000 after acquiring an additional 15,404 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Cameco by 36.6% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 981,575 shares of the basic materials company’s stock valued at $48,293,000 after purchasing an additional 262,944 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Down 0.9 %

CCJ stock opened at $52.44 on Monday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The stock has a market cap of $22.82 billion, a price-to-earnings ratio of 276.01 and a beta of 0.91. The company has a fifty day moving average price of $55.51 and a two-hundred day moving average price of $49.26. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. Equities analysts anticipate that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.118 per share. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is currently 57.89%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CCJ shares. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Cameco presently has an average rating of “Buy” and an average price target of $66.56.

Cameco Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.