19,149 Shares of Cameco Corporation $CCJ Purchased by Confluence Investment Management LLC

Key Points

• Confluence Investment Management initiated a Cameco stake of 19,149 shares valued at approximately $1.66 million. Institutional investors collectively own 70.21% of the company.
• Cameco could benefit from South Korea’s reported plans to invest up to $120 billion in U.S. nuclear projects, supporting uranium demand and Westinghouse’s reactor business.
• The stock faces near-term pressure from a high valuation and weak quarterly results: earnings missed estimates, revenue declined 6.8% year over year, and shares recently traded below their moving averages despite analysts maintaining a “Moderate Buy” consensus.

Confluence Investment Management LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,149 shares of the basic materials company's stock, valued at approximately $1,660,000.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE bought a new stake in shares of Cameco during the second quarter worth $735,498,000. Canada Pension Plan Investment Board bought a new position in shares of Cameco in the second quarter worth about $420,346,000. BlackRock Inc. bought a new position in shares of Cameco in the second quarter worth about $381,091,000. Cibc World Market Inc. purchased a new position in Cameco in the 2nd quarter worth about $354,022,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cameco in the 2nd quarter worth about $301,990,000. Institutional investors own 70.21% of the company's stock.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: South Korea reportedly plans up to $120 billion of investment in U.S. nuclear projects. The initiative could expand the reactor pipeline and benefit Cameco through uranium supply and Westinghouse’s reactor and services businesses. Cameco Says South Korea Plans $120 Billion Investment in U.S. Nuclear Projects
• Positive Sentiment: Cameco backed the U.S.–South Korea nuclear investment framework, reinforcing its strategic position as a uranium producer, nuclear-fuel supplier, and co-owner of Westinghouse. A potential future Westinghouse IPO could also highlight the value of Cameco’s investment. Cameco Backs U.S.–Korea Nuclear Investment Framework for Westinghouse Reactors
• Neutral Sentiment: Coverage comparing nuclear ETFs emphasizes that the sector’s opportunity extends beyond uranium prices to utilities, miners, and reactor builders. This supports the broader industry thesis but does not create a company-specific catalyst for CCJ. Nuclear ETF Comparison
• Negative Sentiment: CCJ declined even as the reactor framework emerged and lagged the broader market. Investors may be taking profits or waiting for concrete contracts, funding, and earnings benefits before assigning additional value to the announcement. Cameco Stock Slips Even as a $120 Billion U.S. Reactor Framework Takes Shape
• Negative Sentiment: The stock’s recent decline occurred alongside investor concerns about valuation and the lack of an immediate earnings catalyst. Cameco trades at a high earnings multiple, and its latest reported quarter missed analyst expectations on earnings while revenue fell year over year. Cameco Stock Sinks as Market Gains

Cameco Trading Down 1.2%

NYSE CCJ opened at $85.63 on Friday. Cameco Corporation has a one year low of $77.70 and a one year high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The company has a market capitalization of $37.29 billion, a price-to-earnings ratio of 145.14, a price-to-earnings-growth ratio of 1.64 and a beta of 1.18. The company's 50-day simple moving average is $94.96 and its two-hundred day simple moving average is $103.06.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%.The business had revenue of $573.06 million during the quarter, compared to analysts' expectations of $579.60 million. During the same period in the previous year, the company posted $0.71 EPS. Cameco's revenue for the quarter was down 6.8% on a year-over-year basis. Equities analysts forecast that Cameco Corporation will post 1.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCJ. Truist Financial lifted their price objective on shares of Cameco from $129.00 to $130.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Citigroup restated a "positive" rating on shares of Cameco in a research note on Wednesday, July 15th. Barclays reduced their target price on shares of Cameco from $104.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings downgraded shares of Cameco from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Finally, Bank of America lowered their price target on Cameco from $143.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $148.68.

Cameco Profile

Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. It is one of the world's major suppliers of uranium, producing uranium concentrates used to generate nuclear power. The company's operations span uranium exploration, mining, milling, refining, conversion and fuel manufacturing.

Cameco operates or has interests in uranium assets in Canada, the United States and Kazakhstan. Its Canadian portfolio includes the McArthur River and Cigar Lake mines and the Key Lake and McClean Lake milling operations in northern Saskatchewan.

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