Cameco Corporation $CCJ Shares Sold by Titan Global Capital Management USA LLC

Key Points

• Titan Global Capital Management USA LLC reduced its holdings in Cameco Corporation by 26.1%, selling 15,928 shares and retaining only 45,177 shares, valued at approximately $1.86 million.
• Cameco's stock has received a strong consensus rating of "Buy" from analysts, with a current price target of $83.32 and several firms like Raymond James and TD Securities reiterating their positive outlook.
• Cameco reported a 46.7% increase in revenue year-over-year, with earnings per share of $0.51 for the last quarter, surpassing analyst expectations.

Titan Global Capital Management USA LLC cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 26.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,177 shares of the basic materials company's stock after selling 15,928 shares during the period. Titan Global Capital Management USA LLC's holdings in Cameco were worth $1,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors acquired a new stake in Cameco in the fourth quarter valued at $839,000. Northwest & Ethical Investments L.P. increased its position in shares of Cameco by 50.0% during the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock worth $1,750,000 after purchasing an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Cameco by 41.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock worth $1,663,000 after purchasing an additional 11,879 shares in the last quarter. Nicholson Meyer Capital Management Inc. acquired a new stake in shares of Cameco during the first quarter worth about $350,000. Finally, Balefire LLC increased its position in shares of Cameco by 42.9% during the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock worth $1,383,000 after purchasing an additional 10,081 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCJ has been the topic of a number of research analyst reports. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. TD Securities reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Finally, Glj Research reiterated a "buy" rating and set a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $83.32.

Cameco Stock Performance

Shares of CCJ stock opened at $71.41 on Friday. The stock has a market capitalization of $31.09 billion, a PE ratio of 82.08 and a beta of 1.06. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $80.32. The stock's 50-day moving average price is $74.33 and its 200 day moving average price is $56.67. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm's revenue for the quarter was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Cameco Corporation will post 1.27 EPS 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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