Bowen Hanes & Co. Inc. Sells 107,445 Shares of Cameco Corporation $CCJ

Key Points

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Bowen Hanes & Co. Inc. decreased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 14.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 620,675 shares of the basic materials company's stock after selling 107,445 shares during the period. Bowen Hanes & Co. Inc. owned approximately 0.14% of Cameco worth $25,547,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CCJ. Vanguard Group Inc. boosted its holdings in shares of Cameco by 1.8% in the first 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after purchasing an additional 190,337 shares in the last quarter. AGF Management Ltd. lifted its position in shares of Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after purchasing an additional 644,413 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of Cameco by 120.2% in the fourth quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after purchasing an additional 1,225,966 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Cameco by 2.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,215,853 shares of the basic materials company's stock worth $91,205,000 after purchasing an additional 56,583 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

CCJ has been the subject of a number of research analyst reports. TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Scotiabank reissued an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Glj Research reissued a "buy" rating and issued a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Finally, UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Three investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $83.32.

Cameco Stock Performance

CCJ traded up $3.4020 during trading on Friday, reaching $74.8320. 4,502,802 shares of the company's stock were exchanged, compared to its average volume of 4,769,289. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.32. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $74.33 and a 200 day moving average price of $56.67. The company has a market capitalization of $32.58 billion, a P/E ratio of 86.01 and a beta of 1.06.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's revenue was up 46.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

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.