Cameco Corporation $CCJ Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its ownership in Cameco Corporation by 10.5% in the first quarter, owning 92,960 shares valued at approximately $3.8 million.
• A number of analysts maintain a positive outlook for Cameco, with a TARGET price raised to $110.00 by Royal Bank of Canada and an average consensus target price of $83.32.
• Cameco reported earnings per share of $0.51 for the last quarter, significantly beating expectations, while quarterly revenue rose by 46.7% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. grew its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,960 shares of the basic materials company's stock after buying an additional 8,804 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Cameco were worth $3,795,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Driehaus Capital Management LLC increased its stake in Cameco by 120.2% during 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 during the period. Nuveen LLC acquired a new stake in Cameco during the 1st quarter worth approximately $29,290,000. AGF Management Ltd. lifted its holdings in Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after buying an additional 644,413 shares in the last quarter. Covea Finance lifted its holdings in Cameco by 52.8% during the 1st quarter. Covea Finance now owns 1,665,979 shares of the basic materials company's stock worth $68,572,000 after buying an additional 575,393 shares in the last quarter. Finally, Korea Investment CORP lifted its holdings in Cameco by 151.0% during the 1st quarter. Korea Investment CORP now owns 724,303 shares of the basic materials company's stock worth $29,813,000 after buying an additional 435,681 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCJ. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. Royal Bank Of Canada raised their target price on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. TD Securities reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Finally, Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $83.32.

Cameco Stock Down 4.6%

Shares of NYSE CCJ opened at $70.4220 on Thursday. The stock has a market cap of $30.66 billion, a PE ratio of 80.94 and a beta of 1.06. 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 Corporation has a 52-week low of $35.00 and a 52-week high of $80.32. The business has a 50-day moving average price of $74.22 and a 200 day moving average price of $56.50.

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 (EPS) 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 analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business's revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

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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