Cameco Co. (NYSE:CCJ) Shares Sold by Foundation Resource Management Inc.

Foundation Resource Management Inc. reduced its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 572,785 shares of the basic materials company’s stock after selling 6,519 shares during the period. Cameco comprises 4.9% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 5th largest holding. Foundation Resource Management Inc. owned approximately 0.13% of Cameco worth $29,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC purchased a new position in shares of Cameco in the 4th quarter valued at about $72,000. Park Avenue Securities LLC lifted its stake in Cameco by 12.0% in the fourth quarter. Park Avenue Securities LLC now owns 5,573 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 598 shares during the last quarter. Floyd Financial Group LLC acquired a new position in Cameco during the 4th quarter worth approximately $922,000. Miracle Mile Advisors LLC increased its position in shares of Cameco by 5.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 8,845 shares of the basic materials company’s stock valued at $455,000 after purchasing an additional 495 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. acquired a new stake in shares of Cameco in the 4th quarter valued at $206,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Stock Up 0.6 %

Shares of NYSE:CCJ opened at $49.08 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $54.66 and a 200-day simple moving average of $49.23. The company has a market capitalization of $21.37 billion, a PE ratio of 258.33 and a beta of 0.95. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55.

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

Cameco Increases Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a dividend of $0.118 per share. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio (DPR) is currently 63.16%.

About Cameco

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.