Foundation Resource Management Inc. Sells 6,519 Shares of Cameco Co. (NYSE:CCJ)

Foundation Resource Management Inc. decreased its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1.1% during the 4th quarter, according to its most recent disclosure 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 approximately 4.9% of Foundation Resource Management Inc.'s investment portfolio, making the stock its 5th biggest holding. Foundation Resource Management Inc. owned approximately 0.13% of Cameco worth $29,435,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new stake in Cameco during the second quarter worth approximately $73,125,000. CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. M&G PLC acquired a new stake in Cameco during the 3rd quarter worth approximately $66,227,000. Segra Capital Management LLC acquired a new position in Cameco in the 3rd quarter valued at $53,013,000. Finally, Fred Alger Management LLC grew its holdings in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock valued at $80,249,000 after buying an additional 839,077 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

NYSE:CCJ traded up $0.64 during trading hours on Wednesday, reaching $49.70. 2,359,896 shares of the company were exchanged, compared to its average volume of 3,525,084. The business has a 50 day moving average of $54.63 and a 200 day moving average of $49.24. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $21.64 billion, a P/E ratio of 261.59 and a beta of 0.95.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its 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 return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the company posted $0.24 earnings per share. The business's revenue for the quarter was up 25.4% compared to the same quarter last year. Research analysts forecast that Cameco Co. will post 0.51 EPS for the current year.

Cameco Increases Dividend

The company also recently announced an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. This is a positive change from Cameco's previous annual dividend of $0.09. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco's dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a report 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $66.56.

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.