Bank of New Hampshire Reduces Stock Holdings in Cameco Corporation $CCJ

Key Points

• Bank of New Hampshire significantly reduced its stake in Cameco Corporation by 74.6% during the second quarter, ultimately holding 10,260 shares valued at $762,000.
• Cameco reported earnings of $0.51 per share for the last quarter, surpassing analyst expectations of $0.29, although revenue fell short at $467.72 million compared to an anticipated $819.79 million.
• The stock has an average target price of $89.55 with a consensus rating of "Buy," despite recent analyst downgrades and price target changes from several financial institutions.

Bank of New Hampshire cut its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 74.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,260 shares of the basic materials company's stock after selling 30,208 shares during the period. Bank of New Hampshire's holdings in Cameco were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CCJ. Bison Wealth LLC raised its position in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Cameco by 4.3% in the 4th quarter. Quantinno Capital Management LP now owns 82,483 shares of the basic materials company's stock worth $4,239,000 after purchasing an additional 3,371 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Cameco in the 4th quarter valued at about $185,000. Snowden Capital Advisors LLC raised its holdings in shares of Cameco by 125.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 16,697 shares of the basic materials company's stock valued at $858,000 after buying an additional 9,295 shares in the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Cameco by 44.7% during the 4th quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock valued at $1,888,000 after buying an additional 11,340 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 4.5%

CCJ stock traded up $3.69 during midday trading on Friday, hitting $86.30. The stock had a trading volume of 7,970,267 shares, compared to its average volume of 4,046,154. 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 firm has a market cap of $37.57 billion, a PE ratio of 99.20 and a beta of 1.04. The company's 50-day moving average price is $77.31 and its 200 day moving average price is $61.29. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $86.84.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCJ. Wall Street Zen lowered Cameco from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. TD Securities reissued a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. National Bankshares restated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. UBS Group set a $102.00 price target on Cameco in a research note on Tuesday, September 9th. Finally, Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $89.55.

Cameco Profile

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.