Brian Low Financial Group LLC Makes New $850,000 Investment in Cameco Corporation $CCJ

Key Points

• Brian Low Financial Group LLC has made a new investment of approximately $850,000 in Cameco Corporation, increasing their holdings to 11,450 shares of the basic materials company.
• Analysts have a consensus rating of "Buy" for Cameco, with a price target of $89.55 following analysts' positive comments and several maintaining "outperform" ratings.
• Cameco reported earnings per share of $0.51 for the last quarter, exceeding expectations and showing a 46.7% increase in quarterly revenue year-over-year.

Brian Low Financial Group LLC acquired a new stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,450 shares of the basic materials company's stock, valued at approximately $850,000.

Other hedge funds have also recently bought and sold shares of the company. Hager Investment Management Services LLC boosted its position in Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company's stock worth $2,274,000 after purchasing an additional 127 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Cameco by 2.4% during the 2nd quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company's stock worth $603,000 after purchasing an additional 191 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Cameco by 1.0% during the second quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company's stock valued at $1,623,000 after buying an additional 206 shares during the period. Country Club Bank boosted its position in Cameco by 0.5% during the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock worth $1,822,000 after acquiring an additional 224 shares during the last quarter. Finally, Blume Capital Management Inc. raised its holdings in Cameco by 2.2% in the 2nd quarter. Blume Capital Management Inc. now owns 13,361 shares of the basic materials company's stock valued at $992,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CCJ. National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a report on Friday, October 10th. TD Securities reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their price target on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Cameco in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus target price of $89.55.

Cameco Price Performance

CCJ opened at $88.11 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The company has a fifty day simple moving average of $82.08 and a 200 day simple moving average of $68.95. The firm has a market cap of $38.36 billion, a price-to-earnings ratio of 101.28 and a beta of 0.99. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $97.79.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.

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