First City Capital Management Inc. Sells 800 Shares of Cameco Co. (NYSE:CCJ)

First City Capital Management Inc. reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,650 shares of the basic materials company’s stock after selling 800 shares during the quarter. First City Capital Management Inc.’s holdings in Cameco were worth $342,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CCJ. Commonwealth Equity Services LLC boosted its position in Cameco by 10.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 77,053 shares of the basic materials company’s stock valued at $3,791,000 after acquiring an additional 7,547 shares in the last quarter. Fiera Capital Corp bought a new stake in Cameco in the 2nd quarter worth approximately $306,000. TD Asset Management Inc lifted its holdings in Cameco by 17.8% in the second quarter. TD Asset Management Inc now owns 1,669,223 shares of the basic materials company’s stock valued at $82,110,000 after acquiring an additional 252,747 shares during the period. National Bank of Canada FI lifted its stake in shares of Cameco by 16.9% in the 2nd quarter. National Bank of Canada FI now owns 2,634,371 shares of the basic materials company’s stock worth $129,540,000 after purchasing an additional 381,176 shares during the period. Finally, Candriam S.C.A. boosted its stake in shares of Cameco by 41.7% during the 2nd quarter. Candriam S.C.A. now owns 8,216 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 2,416 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 1.3 %

CCJ traded up $0.68 during trading on Friday, reaching $52.84. The company had a trading volume of 2,099,501 shares, compared to its average volume of 2,918,312. 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 Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The stock has a market cap of $23.00 billion, a P/E ratio of 278.12 and a beta of 0.91. The business has a 50 day simple moving average of $54.97 and a 200-day simple moving average of $49.26.

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

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were issued a $0.118 dividend. 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 57.89%.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott upgraded 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 issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $66.56.

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.