Total Clarity Wealth Management Inc. bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,790 shares of the basic materials company's stock, valued at approximately $281,000.
Several other large investors also recently modified their holdings of CCJ. Alliancebernstein L.P. grew its stake in shares of Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Cameco by 215.7% in the first quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company's stock worth $83,636,000 after purchasing an additional 1,387,797 shares during the last quarter. Temasek Holdings Private Ltd bought a new stake in shares of Cameco in the first quarter worth about $55,513,000. Nuveen LLC bought a new stake in Cameco during the 1st quarter valued at approximately $29,290,000. Finally, AGF Management Ltd. boosted its position in Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock valued at $166,206,000 after acquiring an additional 644,413 shares in the last quarter. 70.21% of the stock is owned by institutional investors.
Cameco Stock Performance
Shares of CCJ opened at $92.09 on Tuesday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The business's 50 day moving average price is $80.01 and its 200-day moving average price is $66.32. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $94.36. The stock has a market cap of $40.09 billion, a P/E ratio of 105.85 and a beta of 0.99.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million for the quarter, compared to analysts' expectations of $819.79 million. During the same period in the previous year, the firm posted $0.14 EPS. The business's revenue for the quarter was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.
Analyst Ratings Changes
CCJ has been the topic of several research reports. Royal Bank Of Canada lifted their price objective on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. UBS Group set a $102.00 price objective on Cameco in a research report on Tuesday, September 9th. TD Securities reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cameco in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $89.55.
Read Our Latest Stock Analysis on CCJ
About Cameco
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
