APG Asset Management N.V. Sells 16,135 Shares of Cameco Corporation $CCJ

Key Points

• APG Asset Management N.V. reduced its stake in Cameco Corporation by 28.2%, selling 16,135 shares, leaving it with 41,068 shares valued at approximately $1,565,000.
• Cameco's shares received several analyst upgrades, with Royal Bank of Canada raising its price target from $100.00 to $110.00, indicating strong market confidence in the stock.
• The company reported an earnings per share (EPS) of $0.51 for the last quarter, surpassing estimates, while revenue was up 46.7% year-over-year despite falling short of expectations.

APG Asset Management N.V. cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 28.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,068 shares of the basic materials company's stock after selling 16,135 shares during the period. APG Asset Management N.V.'s holdings in Cameco were worth $1,565,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Country Club Bank grew its holdings in shares of Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after acquiring an additional 224 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC raised its holdings in shares of Cameco by 1.8% in the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after purchasing an additional 288 shares during the period. Highview Capital Management LLC DE raised its holdings in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. Finally, Manchester Capital Management LLC raised its holdings 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 worth $25,000 after purchasing an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Cameco stock traded down $1.09 during midday trading on Monday, reaching $77.54. 6,982,094 shares of the stock were exchanged, compared to its average volume of 3,889,428. The company's fifty day moving average is $75.37 and its 200-day moving average is $58.09. 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 cap of $33.76 billion, a PE ratio of 89.13 and a beta of 1.04. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $83.02.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on CCJ shares. National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 22nd. TD Securities reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Cameco from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Royal Bank Of Canada raised their price objective on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus 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.