Capital Advisors Inc. OK Has $56.32 Million Position in Cameco Corporation $CCJ

Key Points

• Capital Advisors Inc. OK increased its investment in Cameco Corporation by 0.8%, holding 758,767 shares valued at approximately $56.32 million.
• Several institutional investors have boosted their positions in Cameco, leading to a current institutional ownership of 70.21% of the company's stock.
• Cameco reported a quarterly EPS of $0.51, surpassing expectations, with revenues increasing 46.7% year-over-year despite falling short of analyst estimates.

Capital Advisors Inc. OK boosted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 758,767 shares of the basic materials company's stock after purchasing an additional 5,730 shares during the quarter. Capital Advisors Inc. OK owned 0.17% of Cameco worth $56,323,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bison Wealth LLC boosted its holdings in shares of Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cameco by 29.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,275 shares of the basic materials company's stock valued at $322,000 after buying an additional 1,439 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cameco by 3,927.4% in the first quarter. GAMMA Investing LLC now owns 20,580 shares of the basic materials company's stock valued at $847,000 after buying an additional 20,069 shares during the period. Merit Financial Group LLC acquired a new position in shares of Cameco in the first quarter valued at approximately $284,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in shares of Cameco in the first quarter valued at approximately $202,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ stock opened at $84.33 on Monday. The company's fifty day simple moving average is $78.70 and its 200-day simple moving average is $64.50. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. The firm has a market cap of $36.72 billion, a PE ratio of 96.93 and a beta of 0.99. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $89.13.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The business had revenue of $467.72 million for 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 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 earnings per share. Cameco has set its FY 2025 guidance at EPS. Equities research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CCJ shares. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Royal Bank Of Canada upped their price target on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Glj Research reiterated a "buy" rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. TD Securities reiterated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Finally, UBS Group set a $102.00 price objective on shares of Cameco in a research report on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $89.55.

Cameco 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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