Carmignac Gestion Sells 7,404 Shares of Cameco Corporation $CCJ

Key Points

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Carmignac Gestion decreased its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 7.7% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 88,933 shares of the basic materials company's stock after selling 7,404 shares during the period. Carmignac Gestion's holdings in Cameco were worth $3,660,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CCJ. Manchester Capital Management LLC boosted its position 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. purchased a new stake in Cameco during the 1st quarter valued at $28,000. Copia Wealth Management purchased a new stake in Cameco during the 4th quarter valued at $39,000. Ameriflex Group Inc. bought a new position in Cameco in the 4th quarter worth $40,000. Finally, CoreCap Advisors LLC raised its holdings in Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after purchasing an additional 920 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Price Performance

Shares of CCJ stock traded up $3.4020 during mid-day trading on Friday, hitting $74.8320. The company had a trading volume of 4,509,963 shares, compared to its average volume of 4,769,289. 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 debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company has a market capitalization of $32.58 billion, a P/E ratio of 86.01 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Securities reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. The Goldman Sachs Group increased their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Finally, Glj Research reiterated a "buy" rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $83.32.

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.