Foundation Resource Management Inc. lowered its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 5.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 562,754 shares of the basic materials company’s stock after selling 32,855 shares during the quarter. Cameco comprises approximately 1.4% of Foundation Resource Management Inc.’s holdings, making the stock its 23rd largest holding. Foundation Resource Management Inc.’s holdings in Cameco were worth $6,635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CCJ. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cameco in the 4th quarter worth about $57,695,000. Norges Bank bought a new stake in shares of Cameco in the 4th quarter worth about $35,531,000. Mackenzie Financial Corp bought a new stake in shares of Cameco in the 4th quarter worth about $17,365,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Cameco by 40.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,986,048 shares of the basic materials company’s stock worth $45,178,000 after buying an additional 1,147,000 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Cameco by 314.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,194,672 shares of the basic materials company’s stock worth $13,514,000 after buying an additional 906,567 shares during the last quarter. Hedge funds and other institutional investors own 53.33% of the company’s stock.

A number of research firms have recently weighed in on CCJ. Zacks Investment Research downgraded shares of Cameco from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Bank of America downgraded shares of Cameco to a “sell” rating in a report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Cameco presently has an average rating of “Hold” and an average price target of $15.33.

Shares of Cameco stock traded up $0.05 during trading hours on Thursday, reaching $11.92. The company’s stock had a trading volume of 169,305 shares, compared to its average volume of 1,702,320. The company has a market cap of $4.69 billion, a PE ratio of 29.85 and a beta of 0.88. Cameco Corp has a one year low of $9.39 and a one year high of $13.04. The company has a quick ratio of 1.84, a current ratio of 2.38 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, February 8th. The basic materials company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.19 by $0.20. The company had revenue of $628.85 million for the quarter. Cameco had a net margin of 7.91% and a return on equity of 4.23%. As a group, sell-side analysts expect that Cameco Corp will post -0.01 earnings per share for the current fiscal year.

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About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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