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Oxbow Capital cut Cameco shares by 27.1%, yet brokerages upgraded the stock to "Buy" with rising revenues.
Oxbow Capital Management HK Ltd reduced its shares in Cameco Co. by 27.1% to 640,000 shares, while other hedge funds increased their stakes.
Despite missing earnings estimates, Cameco reported a 25.4% year-over-year revenue increase to $721 million.
Several brokerages upgraded Cameco to "Buy" ratings, with an average target price of $66.56.
The company recently declared an annual dividend of $0.118 per share.
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Oxbow Capital redujo las acciones de Cameco en un 27,1%, sin embargo, los corretajes actualizaron las acciones a "Comprar" con el aumento de los ingresos.