Cameco Corporation $CCJ Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. reduced its stake in Cameco Corporation by 16.4% during the second quarter, now holding 73,203 shares valued at $5,433,000.
• Institutional investors collectively own over 70% of Cameco's stock, with several firms increasing their positions, including Manchester Capital Management LLC, which boosted its holdings by 100%.
• Equities analysts are optimistic, with several firms restating an "outperform" rating for Cameco, contributing to a consensus rating of "Buy" and an average target price of $89.55.

Phoenix Financial Ltd. decreased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 16.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,203 shares of the basic materials company's stock after selling 14,355 shares during the quarter. Phoenix Financial Ltd.'s holdings in Cameco were worth $5,433,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CCJ. Manchester Capital Management LLC boosted its position 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 in the last quarter. Dagco Inc. purchased a new position in Cameco in the 1st quarter worth $28,000. SVB Wealth LLC purchased a new position in Cameco in the 1st quarter worth $29,000. Trust Co. of Vermont raised its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after acquiring an additional 350 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Cameco in the 2nd quarter worth $30,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Friday, October 10th. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. President Capital upgraded Cameco from a "neutral" rating to a "buy" rating in a research note on Monday, September 22nd. Finally, TD Securities restated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cameco presently has a consensus rating of "Buy" and an average target price of $89.55.

Cameco Stock Performance

NYSE CCJ opened at $85.88 on Tuesday. The stock has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $68.04. The firm has a market capitalization of $37.39 billion, a P/E ratio of 98.71 and a beta of 0.99. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $97.79. 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 quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

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.

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