Saturna Capital Corp Sells 16,715 Shares of Cameco Co. (NYSE:CCJ)

Saturna Capital Corp reduced its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 71.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,761 shares of the basic materials company’s stock after selling 16,715 shares during the period. Saturna Capital Corp’s holdings in Cameco were worth $323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Cameco by 71.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Cameco in the 1st quarter worth $26,000. JFS Wealth Advisors LLC grew its stake in shares of Cameco by 130.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 971 shares of the basic materials company’s stock worth $46,000 after buying an additional 550 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after buying an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Cameco during the 1st quarter worth about $87,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 1.2 %

Shares of CCJ opened at $55.07 on Wednesday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72. The company has a 50-day moving average of $48.49 and a 200 day moving average of $48.20. The firm has a market capitalization of $23.97 billion, a price-to-earnings ratio of 286.44 and a beta of 0.89. 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 announced its quarterly earnings data 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 company had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the previous year, the business earned $0.24 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, research analysts expect that Cameco Co. will post 0.69 EPS for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.09. Cameco’s payout ratio is currently 47.37%.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent analyst reports. Scotiabank dropped their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Finally, Glj Research reaffirmed a “buy” rating and set a $63.73 price target on shares of Cameco in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average price target 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.