Cibc World Market Inc. Sells 488,893 Shares of Cameco Co. (NYSE:CCJ)

Cibc World Market Inc. cut its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,156,957 shares of the basic materials company’s stock after selling 488,893 shares during the quarter. Cibc World Market Inc. owned approximately 0.73% of Cameco worth $162,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Dantai Capital Ltd grew its stake in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new stake in shares of Cameco in the fourth quarter worth about $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco in the fourth quarter worth about $445,000. iA Global Asset Management Inc. purchased a new stake in Cameco in the third quarter worth about $5,305,000. Finally, Telemark Asset Management LLC lifted 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 valued at $62,088,000 after purchasing an additional 100,000 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of CCJ opened at $50.22 on Friday. The firm has a market cap of $21.86 billion, a PE ratio of 264.32 and a beta of 0.95. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $54.20 and a two-hundred day simple moving average of $49.33. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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 company 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 company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities analysts anticipate that Cameco Co. will post 0.47 EPS for the current 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 paid a $0.118 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s dividend payout ratio is presently 63.16%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average 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.