Cameco Corporation $CCJ Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 18.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 379,630 shares of the basic materials company’s stock after selling 84,894 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Cameco were worth $32,903,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCJ. CX Institutional grew its position in shares of Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock worth $32,000 after buying an additional 349 shares during the last quarter. Signature Equity Partners LLC increased its position in Cameco by 55.8% during the 3rd quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 159 shares during the period. Western Wealth Management LLC bought a new position in Cameco in the 1st quarter worth $39,000. Dunhill Financial LLC bought a new position in Cameco in the 2nd quarter worth $39,000. Finally, Trust Co. of Vermont bought a new position in Cameco in the 2nd quarter worth $39,000. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of NYSE CCJ opened at $70.71 on Friday. The company has a 50 day simple moving average of $84.72 and a two-hundred day simple moving average of $101.90. Cameco Corporation has a fifty-two week low of $66.06 and a fifty-two week high of $135.24. The company has a market capitalization of $30.80 billion, a price-to-earnings ratio of 107.14, a P/E/G ratio of 1.81 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.62 and a current ratio of 2.55.

Cameco Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of C$0.24 per share. This represents a yield of 22.0%. The ex-dividend date of this dividend is Monday, November 30th. Cameco’s dividend payout ratio (DPR) is 25.76%.

Analysts Set New Price Targets

CCJ has been the topic of a number of research reports. Paradigm Capital started coverage on shares of Cameco in a research note on Monday, November 9th. They set a “moderate buy” rating on the stock. Zacks Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 3rd. Weiss Ratings upgraded Cameco from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen downgraded Cameco from a “hold” rating to a “sell” rating in a report on Saturday, September 19th. Finally, Barclays decreased their target price on Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Monday, November 2nd. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.12.

About Cameco

Cameco is a Canadian uranium company involved in the exploration, mining, milling, refining and conversion of uranium. Its operations include major uranium assets in Saskatchewan, and it has an interest in the Inkai uranium operation in Kazakhstan. The company supplies uranium and related products to nuclear energy producers around the world. Cameco also provides nuclear fuel services, including uranium conversion and the manufacture of fuel bundles for CANDU reactors. In addition, it owns a 49% interest in Westinghouse Electric Company, a supplier of nuclear power plant technologies, services and fuel.