Autumn Glory Partners LLC Acquires New Position in Cameco Corporation $CCJ

Key Points

• Autumn Glory Partners LLC has acquired a new stake in Cameco Corporation, purchasing 4,780 shares valued at approximately $355,000 during the second quarter.
• Several large institutional investors, including Vanguard Group and Alliancebernstein, have increased their stakes in Cameco, with institutional ownership now at 70.21%.
• Cameco's quarterly earnings reported $0.51 EPS, exceeding analysts' expectations of $0.29, with revenues of $467.72 million during the quarter.

Autumn Glory Partners LLC acquired a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,780 shares of the basic materials company's stock, valued at approximately $355,000.

Several other large investors also recently added to or reduced their stakes in CCJ. Vanguard Group Inc. boosted its holdings in shares of Cameco by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after buying an additional 300,088 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after buying an additional 3,959,837 shares during the period. AGF Management Ltd. boosted its holdings in shares of Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after buying an additional 644,413 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Cameco by 20.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company's stock worth $125,533,000 after buying an additional 521,492 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of Cameco by 10.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 2,461,263 shares of the basic materials company's stock worth $101,154,000 after buying an additional 228,148 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 0.2%

Shares of CCJ stock opened at $84.33 on Monday. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $89.13. The stock has a market cap of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm has a fifty day moving average of $78.70 and a 200-day moving average of $64.50.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. TD Securities reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $89.55.

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.

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