Jones Financial Companies Lllp Acquires 32,939 Shares of Cameco Corporation $CCJ

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Cameco Corporation by 464.5%, now owning 40,030 shares valued at $1,590,000.
• Cameco Corporation reported an earnings per share (EPS) of $0.51 for the last quarter, exceeding the consensus estimate of $0.29 and showcasing a 46.7% revenue growth year-over-year.
• Major investment firms like UBS Group and Raymond James have set price targets for Cameco shares at $102.00, with analysts rating the stock overall as a "Buy."

Jones Financial Companies Lllp grew its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 464.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,030 shares of the basic materials company's stock after buying an additional 32,939 shares during the period. Jones Financial Companies Lllp's holdings in Cameco were worth $1,590,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CCJ. Manchester Capital Management LLC boosted its stake in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Cameco in the 1st quarter valued at $28,000. SVB Wealth LLC purchased a new stake in shares of Cameco in the 1st quarter valued at $29,000. Copia Wealth Management purchased a new stake in shares of Cameco in the 4th quarter valued at $39,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of Cameco in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Up 10.4%

NYSE CCJ traded up $8.16 during trading on Monday, hitting $86.27. The company had a trading volume of 10,188,686 shares, compared to its average volume of 4,704,716. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a one year low of $35.00 and a one year high of $86.37. The company has a market cap of $37.56 billion, a price-to-earnings ratio of 99.16 and a beta of 1.04. The company's fifty day moving average is $76.21 and its 200-day moving average is $60.12.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same period in the prior year, the business earned $0.14 EPS. The company's revenue for the quarter was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. TD Securities reiterated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a report on Friday, August 29th. Finally, UBS Group set a $102.00 price target on shares of Cameco in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price 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.