Bosun Asset Management LLC Decreases Stock Holdings in Cameco Corporation $CCJ

Key Points

• Bosun Asset Management LLC reduced its holdings in Cameco Corporation by 36.8% in the first quarter, now owning 21,155 shares valued at approximately $871,000.
• Cameco recently reported earnings of $0.51 per share, significantly surpassing analysts' expectations of $0.29, with a revenue of $467.72 million.
• Wall Street analysts maintain a positive outlook on Cameco, with two analysts rating it as a Strong Buy and twelve giving it a Buy rating, alongside an average price target of $83.32.

Bosun Asset Management LLC lowered its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 36.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,155 shares of the basic materials company's stock after selling 12,302 shares during the quarter. Bosun Asset Management LLC's holdings in Cameco were worth $871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC boosted its position in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Cameco during the first quarter worth about $28,000. SVB Wealth LLC acquired a new position in shares of Cameco during the first quarter valued at about $29,000. Copia Wealth Management purchased a new position in shares of Cameco in the 4th quarter valued at approximately $39,000. Finally, Ameriflex Group Inc. acquired a new stake in Cameco in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

CCJ traded up $1.33 on Monday, reaching $77.18. The stock had a trading volume of 2,465,022 shares, compared to its average volume of 4,690,047. The business's 50-day moving average price is $75.64 and its two-hundred day moving average price is $58.90. The company has a market cap of $33.60 billion, a P/E ratio of 88.71 and a beta of 1.04. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $83.02. 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 results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco's quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 22nd. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Sunday. TD Securities reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, The Goldman Sachs Group raised their price objective on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $83.32.

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.