American Century Companies Inc. Grows Stock Holdings in Cameco Corporation $CCJ

Key Points

• American Century Companies Inc. significantly increased its ownership in Cameco Corporation by 965.3%, acquiring an additional 411,653 shares to hold a total of 454,299 shares, valued at approximately $18.7 million.
• Cameco's stock has experienced a rise of 4.8%, with a current market cap of $32.58 billion and a P/E ratio of 86.01.
• Recent earnings results revealed Cameco surpassed analysts' expectations with earnings per share of $0.51, compared to a consensus estimate of $0.29, along with revenue growth of 46.7% year-over-year.

American Century Companies Inc. increased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 965.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 454,299 shares of the basic materials company's stock after buying an additional 411,653 shares during the quarter. American Century Companies Inc. owned 0.10% of Cameco worth $18,699,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Country Club Bank boosted its stake in shares of Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock worth $1,822,000 after acquiring an additional 224 shares during the period. Two Sigma Investments LP boosted its stake in Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC raised its position in shares of Cameco by 1.8% during the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock valued at $670,000 after buying an additional 288 shares during the last quarter. Highview Capital Management LLC DE lifted its holdings in shares of Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after buying an additional 300 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after buying an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent research reports. National Bankshares restated an "outperform" rating on shares of Cameco in a research report on Friday. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Glj Research restated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Finally, TD Securities reiterated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Three analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $83.32.

Cameco Stock Performance

Shares of CCJ stock traded up $1.46 during mid-day trading on Tuesday, reaching $76.43. The stock had a trading volume of 2,833,649 shares, compared to its average volume of 4,209,426. The business's fifty day moving average is $74.74 and its 200-day moving average is $57.25. The firm has a market cap of $33.28 billion, a price-to-earnings ratio of 87.86 and a beta of 1.06. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $80.32. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

About Cameco

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.