Northern Trust Corp Has $17.16 Million Holdings in Cameco Corporation $CCJ

Key Points

• Northern Trust Corp increased its stake in Cameco Corp by 13.5%, holding approximately 416,844 shares valued at $17.16 million at the end of the first quarter.
• Analysts have issued positive ratings for Cameco, with Royal Bank of Canada raising its price target to $110.00 and a consensus rating of "Buy" from analysts.
• Cameco's recent earnings report revealed a significant jump in revenue, with $0.51 earnings per share beating estimates and a revenue increase of 46.7% year-over-year.

Northern Trust Corp boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 416,844 shares of the basic materials company's stock after buying an additional 49,545 shares during the quarter. Northern Trust Corp owned approximately 0.10% of Cameco worth $17,157,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Manchester Capital Management LLC increased 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 buying an additional 300 shares during the last quarter. Dagco Inc. bought a new stake in shares of Cameco during the first quarter worth approximately $28,000. Copia Wealth Management bought a new stake in shares of Cameco during the fourth quarter worth approximately $39,000. Ameriflex Group Inc. bought a new stake in shares of Cameco during the fourth quarter worth approximately $40,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after acquiring an additional 920 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Shares of CCJ stock traded down $0.46 during trading on Friday, hitting $75.85. The company had a trading volume of 2,480,601 shares, compared to its average volume of 3,650,273. 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 firm has a market capitalization of $33.02 billion, a P/E ratio of 87.18 and a beta of 1.04. The stock's 50-day moving average price is $75.64 and its 200 day moving average price is $58.73. Cameco Corporation has a one year low of $35.00 and a one year high of $83.02.

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 for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. During the same period in the prior year, the company earned $0.14 earnings per share. The company's quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Equities analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research analyst reports. UBS Group restated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Glj Research restated a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a report on Friday, August 29th. Sanford C. Bernstein set a $70.00 price objective on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $83.32.

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.