Caxton Associates LLP Takes Position in Cameco Corporation $CCJ

Key Points

• Caxton Associates LLP acquired a new stake in Cameco Corporation, purchasing 12,452 shares valued at approximately $513,000 in the first quarter of the year.
• Institutional investors own 70.21% of Cameco's stock, with notable increases from firms like Manchester Capital Management and Dagco Inc. in their recent holdings.
• Cameco reported earnings of $0.51 per share for the last quarter, significantly exceeding analysts' expectations, despite revenue falling short at $467.72 million.

Caxton Associates LLP acquired a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,452 shares of the basic materials company's stock, valued at approximately $513,000.

Several other hedge funds also recently modified their holdings of the company. Bison Wealth LLC raised its position in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock worth $1,102,000 after purchasing an additional 2,975 shares during the last quarter. CoreCap Advisors LLC raised its position in Cameco by 8,363.6% during 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 during the last quarter. Janus Henderson Group PLC raised its position in Cameco by 153.1% during the 4th quarter. Janus Henderson Group PLC now owns 204,752 shares of the basic materials company's stock worth $10,521,000 after purchasing an additional 123,855 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in Cameco by 39.6% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 18,700 shares of the basic materials company's stock worth $961,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Northeast Financial Consultants Inc bought a new position in shares of Cameco in the 4th quarter worth about $232,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

Shares of Cameco stock traded down $6.04 during trading on Tuesday, hitting $80.28. 4,855,956 shares of the company's stock were exchanged, compared to its average volume of 4,704,829. The stock has a market capitalization of $34.95 billion, a price-to-earnings ratio of 92.27 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The business has a 50-day simple moving average of $76.43 and a 200-day simple moving average of $60.41. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $86.37.

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 for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The firm 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%. Cameco's quarterly revenue was up 46.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CCJ shares. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Tuesday, September 2nd. Glj Research reaffirmed a "buy" rating and issued a $75.27 price target on shares of Cameco in a report on Thursday, June 12th. TD Securities reissued a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Scotiabank reissued an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada boosted their target price on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.