Cameco Corporation $CCJ is Stanley Laman Group Ltd.'s 2nd Largest Position

Key Points

• Stanley Laman Group Ltd. reduced its stake in Cameco Corporation by 25.2% during Q2, holding 176,809 shares, which makes Cameco its 2nd largest position valued at approximately $13.1 million.
• Cameco reported a significant increase in year-over-year revenue, with a reported earnings per share (EPS) of $0.51, beating analysts' expectations, while its stock shows a market capitalization close to $37.8 billion.
• Analysts are generally optimistic about Cameco's stock, with a consensus price target of $89.55 and multiple firms issuing "buy" ratings following recent performances.

Stanley Laman Group Ltd. trimmed its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 25.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,809 shares of the basic materials company's stock after selling 59,426 shares during the period. Cameco accounts for about 1.9% of Stanley Laman Group Ltd.'s holdings, making the stock its 2nd largest holding. Stanley Laman Group Ltd.'s holdings in Cameco were worth $13,125,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new stake in Cameco during the 1st quarter worth about $2,131,000. TD Asset Management Inc lifted its holdings in Cameco by 3.7% during the 2nd quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company's stock worth $158,141,000 after buying an additional 77,081 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Cameco by 50.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock worth $1,750,000 after buying an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP lifted its holdings in Cameco by 41.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock worth $1,663,000 after buying an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in Cameco by 74.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company's stock worth $2,017,000 after buying an additional 20,947 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $86.75 on Friday. The stock has a market capitalization of $37.77 billion, a PE ratio of 99.71 and a beta of 0.99. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $97.79. The stock's 50-day moving average price is $81.21 and its 200 day moving average price is $67.35. 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 issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for 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%.The firm's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCJ. Scotiabank reissued an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. President Capital raised Cameco from a "neutral" rating to a "buy" rating in a report on Monday, September 22nd. TD Securities reissued a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. National Bankshares reissued an "outperform" rating on shares of Cameco in a report on Friday, August 22nd. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Friday, October 10th. One investment 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 company's stock. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and a consensus price target of $89.55.

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.

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