First City Capital Management Inc. reduced its position in Cameco Co. (NYSE:CCJ – Free Report) (TSE:CCO) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its position in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares during the period. S.A. Mason LLC raised its stake in shares of Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock worth $175,000 after buying an additional 206 shares during the period. Silvia Mccoll Wealth Management LLC grew its stake in Cameco by 3.9% in the 3rd quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 210 shares during the period. EdgeRock Capital LLC increased its holdings in Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after acquiring an additional 224 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted 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 valued at $27,000 after purchasing an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Cameco Stock Up 1.3 %
Shares of NYSE CCJ traded up $0.68 during midday trading on Friday, hitting $52.84. The company’s stock had a trading volume of 2,099,501 shares, compared to its average volume of 2,918,312. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The business’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $49.26. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 278.12 and a beta of 0.91. 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 Increases Dividend
The firm also recently disclosed an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a $0.118 dividend. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. This represents a yield of 0.22%. Cameco’s payout ratio is currently 57.89%.
Analyst Upgrades and Downgrades
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 given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $66.56.
Get Our Latest Research Report on CCJ
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.
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