Cameco Corporation $CCJ Holdings Raised by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC increased its holdings in Cameco Corporation by 23.6% during the second quarter, now owning 93,812 shares worth approximately $6.96 million.
• Cameco reported a 46.7% year-over-year revenue increase in its latest quarter, with earnings per share of $0.51, surpassing expectations.
• Analysts have a consensus rating of "Buy" for Cameco's stock, with a potential target price averaging $89.55.

Trivium Point Advisory LLC increased its stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 23.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,812 shares of the basic materials company's stock after buying an additional 17,883 shares during the quarter. Trivium Point Advisory LLC's holdings in Cameco were worth $6,964,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Manchester Capital Management LLC grew its stake in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after buying an additional 300 shares during the last quarter. Dagco Inc. bought a new position in Cameco during the 1st quarter worth $28,000. SVB Wealth LLC bought a new position in Cameco during the 1st quarter worth $29,000. Atticus Wealth Management LLC bought a new position in Cameco during the 2nd quarter worth $34,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Cameco by 1,798.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the basic materials company's stock worth $50,000 after buying an additional 1,151 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Trading Down 1.3%

Shares of CCJ stock opened at $84.48 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $89.13. The stock has a fifty day moving average of $78.32 and a two-hundred day moving average of $63.37. The firm has a market capitalization of $36.78 billion, a PE ratio of 97.10 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data 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. The business 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%.The company's revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Glj Research restated a "buy" rating and set a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. The Goldman Sachs Group upped 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. National Bankshares reiterated an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. Finally, Royal Bank Of Canada boosted their price target on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. Based on data from MarketBeat.com, Cameco currently 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.

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