Cameco Corporation $CCJ Shares Bought by Edmond DE Rothschild Holding S.A.

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Cameco Corporation by 74.7% in Q1, raising its holdings to 48,992 shares valued at approximately $2,017,000.
• Cameco reported $0.51 earnings per share, surpassing the consensus estimate of $0.29, with revenues reaching $467.72 million, marking a 46.7% year-over-year increase.
• Institutional investors now own 70.21% of Cameco's stock, reflecting a significant interest from hedge funds and other institutions in the company's performance.

Edmond DE Rothschild Holding S.A. boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 74.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,992 shares of the basic materials company's stock after acquiring an additional 20,947 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Cameco were worth $2,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Manchester Capital Management LLC raised its position in Cameco by 100.0% during the first 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 during the last quarter. Dagco Inc. acquired a new position in Cameco during the first quarter worth about $28,000. SVB Wealth LLC acquired a new position in Cameco during the first quarter worth about $29,000. Copia Wealth Management acquired a new position in Cameco during the fourth quarter worth about $39,000. Finally, Ameriflex Group Inc. acquired a new position in Cameco during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Cameco stock opened at $76.38 on Friday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $83.02. The firm has a 50 day moving average price of $75.59 and a 200 day moving average price of $58.54. The company has a market cap of $33.26 billion, a price-to-earnings ratio of 87.79 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.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. During the same period in the previous year, the firm earned $0.14 earnings per share. Cameco's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Wall Street Zen cut shares of Cameco from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Royal Bank Of Canada lifted their target price on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. UBS Group reiterated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Finally, TD Securities reiterated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $83.32.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.