Cameco Corporation $CCJ Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Cameco Corporation by 33.5% in Q2, holding 21,912 shares valued at approximately $1.63 million at the end of the quarter.
• Several research firms have given Cameco a consensus rating of "Buy" with a price target of $89.55, reflecting strong investor confidence.
• Cameco reported an EPS of $0.51 for the last quarter, significantly exceeding analysts' estimates, and a revenue increase of 46.7% year-over-year.

Farther Finance Advisors LLC increased its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 33.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,912 shares of the basic materials company's stock after acquiring an additional 5,501 shares during the period. Farther Finance Advisors LLC's holdings in Cameco were worth $1,627,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Atticus Wealth Management LLC acquired a new position in Cameco during the 2nd quarter worth about $34,000. Manchester Capital Management LLC lifted 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 acquiring an additional 300 shares in the last quarter. Dagco Inc. acquired a new position in Cameco during the 1st quarter worth about $28,000. SVB Wealth LLC acquired a new position in Cameco during the 1st quarter worth about $29,000. Finally, Copia Wealth Management acquired a new position in Cameco during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CCJ. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. CLSA began coverage on Cameco in a research report on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 price target 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 Tuesday, September 2nd. Finally, President Capital raised Cameco from a "neutral" rating to a "buy" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $89.55.

Cameco Trading Up 0.7%

CCJ opened at $86.91 on Wednesday. Cameco Corporation has a one year low of $35.00 and a one year high of $88.45. The company has a market cap of $37.84 billion, a P/E ratio of 99.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The business's 50-day simple moving average is $77.75 and its 200-day simple moving average is $62.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business's revenue for the quarter was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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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