Focus Partners Wealth Has $10.18 Million Holdings in Cameco Corporation $CCJ

Key Points

• Focus Partners Wealth increased its stake in Cameco Corporation by 2.7%, owning approximately 0.06% of the company valued at $10.18 million.
• Several institutional investors, including Vanguard Group and Alliancebernstein, have also raised their positions in Cameco, enhancing the aggregate institutional ownership to 70.21%.
• Cameco reported earnings of $0.51 per share, exceeding expectations, with a twelve-month high stock price of $83.02, while maintaining a market cap of $33.99 billion.

Focus Partners Wealth grew its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 247,243 shares of the basic materials company's stock after buying an additional 6,486 shares during the period. Focus Partners Wealth owned approximately 0.06% of Cameco worth $10,177,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock worth $703,295,000 after buying an additional 300,088 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. AGF Management Ltd. lifted its position in shares of Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock worth $166,206,000 after purchasing an additional 644,413 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Cameco by 20.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company's stock worth $125,533,000 after purchasing an additional 521,492 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec lifted its position in shares of Cameco by 10.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 2,461,263 shares of the basic materials company's stock worth $101,154,000 after purchasing an additional 228,148 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

CCJ stock opened at $78.07 on Friday. The business's fifty day moving average is $76.21 and its 200-day moving average is $60.00. 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 company has a market cap of $33.99 billion, a P/E ratio of 89.74 and a beta of 1.04. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $83.02.

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 EPS for the quarter, topping 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 business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same quarter last year, the business posted $0.14 EPS. The firm's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research report on Tuesday, September 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 29th. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a report on Sunday, September 7th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus 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.

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