Mount Yale Investment Advisors LLC Has $552,000 Stock Position in Cameco Co. (NYSE:CCJ)

Mount Yale Investment Advisors LLC reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,737 shares of the basic materials company’s stock after selling 873 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Cameco were worth $552,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of 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 valued at $27,000 after buying an additional 238 shares in the last quarter. Pingora Partners LLC bought a new stake in Cameco in the third quarter worth approximately $33,000. First Horizon Advisors Inc. increased its stake in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Cameco during the 3rd quarter valued at $38,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. One 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’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

NYSE CCJ opened at $48.59 on Wednesday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The company has a fifty day simple moving average of $54.53 and a 200 day simple moving average of $49.35. 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 company has a market cap of $21.15 billion, a P/E ratio of 255.77 and a beta of 0.95.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to the consensus estimate of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm’s revenue 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, sell-side analysts predict 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. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.118 per share. 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 dividend yield of 0.22%. Cameco’s payout ratio is 63.16%.

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.