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

Foundation Resource Management Inc. lowered its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.1% during the fourth quarter, HoldingsChannel reports. The firm owned 572,785 shares of the basic materials company’s stock after selling 6,519 shares during the quarter. Cameco comprises approximately 4.9% of Foundation Resource Management Inc.’s portfolio, making the stock its 5th biggest holding. Foundation Resource Management Inc.’s holdings in Cameco were worth $29,435,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 238 shares during the period. Pingora Partners LLC acquired a new position in Cameco during the third quarter worth about $33,000. First Horizon Advisors Inc. increased its holdings in Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Cameco during the 3rd quarter valued at approximately $38,000. Finally, JFS Wealth Advisors LLC boosted its stake in shares of Cameco by 130.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.6 %

CCJ stock opened at $49.08 on Wednesday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The firm has a market capitalization of $21.37 billion, a PE ratio of 258.33 and a beta of 0.95. The company’s 50 day simple moving average is $54.66 and its 200-day simple moving average is $49.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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

Cameco Increases Dividend

The firm also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given 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 yield of 0.22%. Cameco’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco 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.