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.

3 months ago
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