Chicago Capital LLC Has $3.05 Million Position in Cameco Corporation $CCJ

Key Points

• Chicago Capital LLC increased its stake in Cameco Corporation (CCJ) by 140%, holding 41,051 shares worth approximately $3.05 million.
• Cameco reported a Q2 earnings per share of $0.51, which surpassed the consensus estimate of $0.29, and a year-over-year revenue growth of 46.7%.
• Analysts show a strong sentiment towards Cameco, with 14 buy ratings and a consensus price target of $89.55 for the stock.

Chicago Capital LLC grew its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 140.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,051 shares of the basic materials company's stock after purchasing an additional 23,945 shares during the period. Chicago Capital LLC's holdings in Cameco were worth $3,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new position in Cameco in the 1st quarter valued at approximately $2,131,000. Northwest & Ethical Investments L.P. increased its stake in shares of Cameco by 50.0% in the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock valued at $1,750,000 after acquiring an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Cameco by 41.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after acquiring an additional 11,879 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in shares of Cameco by 74.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company's stock valued at $2,017,000 after acquiring an additional 20,947 shares in the last quarter. Finally, Nicholson Meyer Capital Management Inc. bought a new stake in shares of Cameco in the 1st quarter valued at $350,000. Institutional investors own 70.21% of the company's stock.

Cameco Trading Down 1.3%

Shares of CCJ opened at $84.48 on Tuesday. The business's 50-day moving average price is $78.32 and its 200-day moving average price is $63.37. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $89.13. The stock has a market cap of $36.78 billion, a PE ratio of 97.10 and a beta of 1.04. 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 announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million for the quarter, compared to analysts' expectations of $819.79 million. During the same period in the prior year, the business posted $0.14 earnings per share. The company's revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Cameco from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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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