Baird Financial Group Inc. lowered its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 43.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,317 shares of the basic materials company's stock after selling 20,190 shares during the period. Baird Financial Group Inc.'s holdings in Cameco were worth $1,083,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. The Manufacturers Life Insurance Company increased its position in Cameco by 1.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,148,544 shares of the basic materials company's stock worth $88,917,000 after purchasing an additional 26,075 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Cameco by 215.7% during the 1st 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 period. State of Wyoming lifted its stake in shares of Cameco by 1,386.6% during the 1st quarter. State of Wyoming now owns 8,548 shares of the basic materials company's stock worth $352,000 after purchasing an additional 7,973 shares during the period. Trexquant Investment LP raised its position in shares of Cameco by 1,453.3% in the 1st quarter. Trexquant Investment LP now owns 248,575 shares of the basic materials company's stock worth $10,231,000 after buying an additional 232,572 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Cameco in the 1st quarter worth $913,000. 70.21% of the stock is owned by hedge funds and other institutional investors.
Cameco Trading Down 2.3%
NYSE CCJ traded down $1.82 on Friday, hitting $78.07. 3,641,971 shares of the stock were exchanged, compared to its average volume of 3,576,569. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $83.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company has a market capitalization of $33.99 billion, a price-to-earnings ratio of 89.74 and a beta of 1.04. The company's 50-day moving average price is $76.21 and its two-hundred day moving average price is $60.00.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business 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 company posted $0.14 EPS. Cameco's revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts predict that Cameco Corporation will post 1.27 EPS for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CCJ. Royal Bank Of Canada raised their target price on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. The Goldman Sachs Group lifted their target price on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Glj Research restated a "buy" rating and issued a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Finally, TD Securities restated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $89.55.
Check Out Our Latest Report on Cameco
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.
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