Cameco Corporation $CCJ Shares Sold by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC has reduced its stake in Cameco Corporation (NYSE:CCJ) by 30.1%, now holding 33,983 shares valued at approximately $2.5 million.
• Other institutional investors are actively participating; for instance, Trust Co. of Vermont increased its stake by an astonishing 1,029.4%.
• Cameco's stock has been rated mostly as a "Buy" by analysts, with an average target price set at $89.55, indicating positive investor sentiment.

Moran Wealth Management LLC cut its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 30.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,983 shares of the basic materials company's stock after selling 14,653 shares during the quarter. Moran Wealth Management LLC's holdings in Cameco were worth $2,523,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont lifted its stake in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after purchasing an additional 350 shares during the period. Hilltop National Bank purchased a new position in Cameco during the second quarter worth about $30,000. Atticus Wealth Management LLC purchased a new stake in Cameco in the 2nd quarter valued at about $34,000. Manchester Capital Management LLC increased its stake in shares of Cameco by 100.0% during 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 last quarter. Finally, Dagco Inc. acquired a new stake in shares of Cameco in the first quarter worth approximately $28,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCJ has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cameco in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. National Bankshares restated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Finally, CLSA began coverage on shares of Cameco in a research report on Tuesday, September 9th. They set an "outperform" rating and a $102.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of "Buy" and an average target price of $89.55.

Cameco Price Performance

CCJ stock opened at $93.49 on Thursday. The firm has a market cap of $40.70 billion, a P/E ratio of 107.46 and a beta of 0.99. 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 Corporation has a 1 year low of $35.00 and a 1 year high of $97.79. The stock has a 50-day simple moving average of $80.72 and a 200-day simple moving average of $66.70.

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 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business earned $0.14 EPS. Cameco's quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

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.

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