Cameco Corporation $CCJ Stock Position Lifted by Kercheville Advisors LLC

Key Points

• Kercheville Advisors LLC increased its stake in Cameco Corporation by 128.2% during the second quarter, owning 38,137 shares valued at approximately $2.83 million.
• Cameco's quarterly earnings report showed an EPS of $0.51, significantly beating analysts' expectations of $0.29 despite lower revenue of $467.72 million.
• Several analysts have upgraded Cameco's stock, with Royal Bank of Canada raising its price target from $100.00 to $110.00, indicating a positive outlook for the company.

Kercheville Advisors LLC grew its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 128.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,137 shares of the basic materials company's stock after purchasing an additional 21,428 shares during the period. Cameco makes up approximately 1.0% of Kercheville Advisors LLC's investment portfolio, making the stock its 27th largest holding. Kercheville Advisors LLC's holdings in Cameco were worth $2,831,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CCJ. Manchester Capital Management LLC increased its stake in 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 buying an additional 300 shares during the period. Dagco Inc. bought a new position in shares of Cameco in the first quarter valued at approximately $28,000. SVB Wealth LLC acquired a new position in shares of Cameco during the first quarter valued at approximately $29,000. Trust Co. of Vermont raised its holdings in Cameco by 1,029.4% during the second 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 in the last quarter. Finally, Hilltop National Bank acquired a new stake in Cameco in the second quarter worth approximately $30,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Trading Up 0.2%

NYSE:CCJ opened at $84.33 on Friday. The stock has a fifty day simple moving average of $78.70 and a 200 day simple moving average of $64.36. The firm has a market capitalization of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $89.13. 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 posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 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 analyst estimates of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The business's quarterly revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCJ shares. Royal Bank Of Canada lifted their price target on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 29th. The Goldman Sachs Group boosted their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Glj Research restated a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Finally, Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a report on Friday. One equities 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $89.55.

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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