Temasek Holdings Private Ltd Invests $55.51 Million in Cameco Corporation $CCJ

Key Points

• Temasek Holdings Private Ltd acquired 1,348,702 shares of Cameco Corporation, valued at approximately $55.5 million, during the first quarter, now owning 0.31% of the company.
• Institutional ownership of Cameco stands at 70.21%, with several other major investors increasing their holdings significantly during the same period.
• Cameco reported earnings of $0.51 per share for the last quarter, beating analysts' expectations, with a revenue up 46.7% year-over-year, but falling short of revenue forecasts.

Temasek Holdings Private Ltd bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,348,702 shares of the basic materials company's stock, valued at approximately $55,513,000. Temasek Holdings Private Ltd owned about 0.31% of Cameco at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Country Club Bank increased its holdings in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after purchasing an additional 224 shares during the period. Two Sigma Investments LP increased its position in Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after acquiring an additional 238 shares during the last quarter. Sunpointe LLC lifted its stake in Cameco by 1.8% in the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after purchasing an additional 288 shares during the last quarter. Highview Capital Management LLC DE increased its holdings in Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after buying an additional 300 shares during the period. Finally, Manchester Capital Management LLC boosted its position in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CCJ shares. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, September 2nd. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research note on Sunday. Two analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $87.05.

Cameco Stock Up 2.8%

Shares of NYSE CCJ traded up $2.14 during mid-day trading on Wednesday, reaching $79.53. The company had a trading volume of 4,655,071 shares, compared to its average volume of 4,684,818. The company has a market capitalization of $34.63 billion, a price-to-earnings ratio of 91.42 and a beta of 1.04. The stock has a fifty day moving average of $75.97 and a two-hundred day moving average of $59.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $83.02.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Cameco Company 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.