Beaumont Financial Advisors LLC Acquires New Stake in Cameco Corporation $CCJ

Key Points

• Beaumont Financial Advisors LLC acquired a new stake in Cameco Corporation, purchasing 4,026 shares valued at approximately $299,000 in Q2.
• Cameco's latest earnings report showed earnings per share (EPS) of $0.51, significantly exceeding analyst expectations, and a year-over-year revenue increase of 46.7%.
• Analysts maintain a consensus rating of "Buy" for Cameco Corporation, with an average price target of $89.55, reflecting positive investor sentiment.

Beaumont Financial Advisors LLC bought a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,026 shares of the basic materials company's stock, valued at approximately $299,000.

A number of other large investors have also recently added to or reduced their stakes in CCJ. Alliancebernstein L.P. boosted its holdings in Cameco by 39.3% during the first 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 in the last quarter. Canada Pension Plan Investment Board boosted its holdings in Cameco by 215.7% during 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 buying an additional 1,387,797 shares in the last quarter. Temasek Holdings Private Ltd bought a new stake in Cameco during the first quarter worth approximately $55,513,000. Nuveen LLC bought a new stake in Cameco during the first quarter worth approximately $29,290,000. Finally, AGF Management Ltd. boosted its holdings in Cameco by 19.0% during the first 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 in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 0.2%

Cameco stock opened at $85.52 on Friday. The company has a 50 day moving average price of $78.17 and a 200 day moving average price of $62.79. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $89.13. 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 market capitalization of $37.23 billion, a price-to-earnings ratio of 98.30 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results 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. The company had revenue of $467.72 million during 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 company's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on CCJ shares. The Goldman Sachs Group raised their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered shares of Cameco from a "buy" rating to a "hold" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $89.55.

Cameco Company 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.

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