Dynamic Technology Lab Private Ltd Acquires Shares of 12,030 Cameco Corporation $CCJ

Key Points

• Dynamic Technology Lab Private Ltd has acquired 12,030 shares of Cameco Corporation, valued at approximately $495,000, during the first quarter.
• Analysts have set a consensus Buy rating for Cameco, with a new average price target of $87.05, indicating strong future expectations for the stock.
• Cameco reported earnings of $0.51 per share for the latest quarter, exceeding expectations, and a year-over-year revenue increase of 46.7%.

Dynamic Technology Lab Private Ltd bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,030 shares of the basic materials company's stock, valued at approximately $495,000.

A number of other large investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC grew its holdings in shares of Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Dagco Inc. purchased a new stake in Cameco in the 1st quarter valued at about $28,000. SVB Wealth LLC purchased a new stake in Cameco in the 1st quarter valued at about $29,000. Copia Wealth Management bought a new position in Cameco in the 4th quarter worth about $39,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Cameco during the fourth quarter worth approximately $40,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCJ. National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. UBS Group restated a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. Based on data from MarketBeat, Cameco currently has a consensus rating of "Buy" and an average price target of $87.05.

Cameco Stock Up 2.8%

Shares of NYSE CCJ opened at $79.53 on Thursday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $83.02. The stock's fifty day simple moving average is $75.97 and its two-hundred day simple moving average is $59.41. The stock has a market capitalization of $34.63 billion, a PE ratio of 91.42 and a beta of 1.04. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. During the same period in the prior year, the business posted $0.14 EPS. The firm's quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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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