Cameco Corporation $CCJ Stake Cut by Klein Pavlis & Peasley Financial Inc.

Key Points

• Klein Pavlis & Peasley Financial Inc. decreased its stake in Cameco Corporation by 12.3%, owning 107,177 shares worth approximately $7.96 million, making it the firm's second-largest holding.
• Analysts have a strong outlook for Cameco, with a consensus rating of "Buy" and target prices as high as $110.00, indicating confidence in the company’s growth potential.
• Cameco’s recent quarterly earnings exceeded expectations, reporting $0.51 EPS compared to analysts' estimates of $0.29, alongside a year-over-year revenue increase of 46.7%.

Klein Pavlis & Peasley Financial Inc. cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 12.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 107,177 shares of the basic materials company's stock after selling 15,022 shares during the quarter. Cameco comprises approximately 5.3% of Klein Pavlis & Peasley Financial Inc.'s portfolio, making the stock its 2nd largest holding. Klein Pavlis & Peasley Financial Inc.'s holdings in Cameco were worth $7,956,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its position in Cameco by 2.4% in the 2nd quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company's stock valued at $603,000 after acquiring an additional 191 shares during the period. Country Club Bank grew its stake in shares of Cameco by 0.5% in the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock valued at $1,822,000 after purchasing an additional 224 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after purchasing an additional 238 shares during the period. Sunpointe LLC raised its stake in shares of Cameco by 1.8% during the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after purchasing an additional 288 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in shares of Cameco by 100.0% during the first 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 during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CCJ shares. CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 price objective on the stock. President Capital raised shares of Cameco from a "neutral" rating to a "buy" rating in a report on Monday, September 22nd. UBS Group set a $102.00 price objective on Cameco in a report on Tuesday, September 9th. Royal Bank Of Canada boosted their target price on 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 reissued a "buy" rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $89.55.

Cameco Trading Down 0.2%

Shares of CCJ opened at $85.52 on Monday. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $89.13. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $37.23 billion, a P/E ratio of 98.30 and a beta of 1.04. The firm's 50-day moving average is $78.17 and its two-hundred day moving average is $63.08.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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. 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 company's revenue for the quarter was up 46.7% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. On average, research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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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