Mediolanum International Funds Ltd Has $610,000 Stock Position in Cameco Co. (NYSE:CCJ)

Mediolanum International Funds Ltd boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 149.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,936 shares of the basic materials company’s stock after buying an additional 7,142 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Cameco were worth $610,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dantai Capital Ltd increased its position in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after buying an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in shares of Cameco during the fourth quarter worth approximately $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco during the fourth quarter worth approximately $445,000. iA Global Asset Management Inc. bought a new stake in shares of Cameco during the third quarter worth approximately $5,305,000. Finally, Telemark Asset Management LLC boosted its holdings in shares of Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after acquiring an additional 100,000 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.7 %

Shares of NYSE:CCJ opened at $49.43 on Monday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock has a market cap of $21.52 billion, a PE ratio of 260.17 and a beta of 0.95. The business has a 50 day moving average of $53.78 and a 200-day moving average of $49.30. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results 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 the consensus estimate of $646.83 million. During the same quarter last year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 25.4% on a year-over-year basis. As a group, equities research analysts forecast that Cameco Co. will post 0.47 earnings per share for the current year.

Cameco Increases Dividend

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

Cameco Company 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.