Cameco Corporation $CCJ Shares Sold by Triasima Portfolio Management inc.

Key Points

• Triasima Portfolio Management Inc. reduced its stake in Cameco Corporation by 37.4%, selling 20,500 shares and ending with 34,350 shares valued at approximately $2.54 million.
• Cameco's earnings report for the quarter showed an EPS of $0.51, surpassing analysts' expectations, while revenue rose 46.7% year-over-year to $467.72 million.
• Institutional investors own over 70% of Cameco's stock, indicating strong interest from larger financial entities, with multiple hedge funds significantly increasing their holdings in the latest quarter.

Triasima Portfolio Management inc. lessened its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 37.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,350 shares of the basic materials company's stock after selling 20,500 shares during the quarter. Triasima Portfolio Management inc.'s holdings in Cameco were worth $2,546,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont increased its holdings 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 buying an additional 350 shares during the period. Hilltop National Bank acquired a new position in Cameco in the 2nd quarter worth approximately $30,000. Atticus Wealth Management LLC acquired a new position in Cameco in the 2nd quarter worth approximately $34,000. Manchester Capital Management LLC increased its holdings in 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 buying an additional 300 shares during the period. Finally, Dagco Inc. acquired a new position in Cameco in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Up 1.5%

Shares of NYSE:CCJ opened at $86.63 on Wednesday. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $89.13. The firm has a market capitalization of $37.72 billion, a price-to-earnings ratio of 99.57 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The business's 50 day moving average price is $78.99 and its 200-day moving average price is $64.93.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $819.79 million. During the same quarter last year, the firm posted $0.14 EPS. The business's revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the topic of several research reports. UBS Group set a $102.00 price target on shares of Cameco in a report on Tuesday, September 9th. 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 research note on Friday, August 1st. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $89.55.

About Cameco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.