Callan Family Office LLC Takes Position in Cameco Corporation $CCJ

Key Points

• Callan Family Office LLC has acquired a new stake in Cameco Corporation, purchasing 5,773 shares valued at approximately $429,000.
• The company's latest earnings report showed a significant increase in revenue, up 46.7% year-over-year, with earnings per share of $0.51, exceeding expectations.
• Cameco's stock has garnered attention from analysts, with a majority rating it as a "Buy" or "Outperform", and an average target price of $89.55.

Callan Family Office LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,773 shares of the basic materials company's stock, valued at approximately $429,000.

Several other hedge funds have also modified their holdings of the stock. Manchester Capital Management LLC lifted its stake in 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 acquiring an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in Cameco in the 1st quarter worth about $28,000. SVB Wealth LLC purchased a new stake in Cameco in the 1st quarter worth about $29,000. Trust Co. of Vermont lifted its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after acquiring an additional 350 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Cameco in the 2nd quarter worth about $30,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $93.12 on Wednesday. The business has a 50 day moving average price of $80.38 and a 200 day moving average price of $66.51. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $95.98. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 107.03 and a beta of 0.99. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm's revenue for the quarter was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

CCJ has been the topic of several research reports. CLSA initiated coverage on Cameco in a research report on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 target price on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Friday. Wall Street Zen lowered Cameco from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, President Capital raised Cameco from a "neutral" rating to a "buy" rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.