Hsbc Holdings PLC lessened its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 22.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 164,192 shares of the basic materials company's stock after selling 46,624 shares during the period. Hsbc Holdings PLC's holdings in Cameco were worth $6,772,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in CCJ. Manchester Capital Management LLC increased its position in 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 acquiring an additional 300 shares during the period. Dagco Inc. acquired a new position in Cameco in the 1st quarter valued at approximately $28,000. Copia Wealth Management acquired a new position in Cameco in the 4th quarter valued at approximately $39,000. Ameriflex Group Inc. acquired a new position in Cameco in the 4th quarter valued at approximately $40,000. Finally, CoreCap Advisors LLC increased its position in Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 920 shares during the period. Institutional investors own 70.21% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CCJ shares. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Royal Bank Of Canada increased their price objective 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. Finally, Glj Research reiterated a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $83.32.
Get Our Latest Analysis on CCJ
Cameco Stock Down 1.4%
Shares of Cameco stock traded down $1.09 during trading hours on Friday, reaching $77.54. The company's stock had a trading volume of 6,982,094 shares, compared to its average volume of 4,737,591. Cameco Corporation has a one year low of $35.00 and a one year high of $83.02. The company has a market capitalization of $33.76 billion, a P/E ratio of 89.13 and a beta of 1.06. The stock's fifty day simple moving average is $75.04 and its two-hundred day simple moving average is $57.57. 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 announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.
About Cameco
(
Free Report)
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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