Hall Capital Management Co. Inc. Acquires New Stake in Cameco Corporation $CCJ

Key Points

• Hall Capital Management Co. Inc. acquired a new stake in Cameco Corporation, purchasing 3,960 shares valued at approximately $294,000 during the 2nd quarter.
• Wall Street analysts have largely positive ratings for Cameco, with a consensus price target of $89.55 and most ratings categorized as "Buy."
• Cameco reported a significant 46.7% year-over-year revenue growth with an earnings per share of $0.51 for the latest quarter, surpassing analysts' expectations.

Hall Capital Management Co. Inc. acquired a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,960 shares of the basic materials company's stock, valued at approximately $294,000.

Several other large investors also recently added to or reduced their stakes in CCJ. Manchester Capital Management LLC boosted its stake in Cameco by 100.0% during the first 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. bought a new stake in Cameco during the first quarter worth about $28,000. SVB Wealth LLC bought a new stake in Cameco during the first quarter worth about $29,000. Trust Co. of Vermont lifted its stake in Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after purchasing an additional 350 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in Cameco during the second quarter worth about $30,000. Institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. President Capital raised Cameco from a "neutral" rating to a "buy" rating in a research note on Monday, September 22nd. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Cameco in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $89.55.

Cameco Stock Up 1.5%

CCJ opened at $86.63 on Wednesday. The company has a market cap of $37.72 billion, a P/E ratio of 99.57 and a beta of 0.99. The business's 50-day moving average price is $78.99 and its 200-day moving average price is $64.93. 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 Corporation has a 12 month low of $35.00 and a 12 month high of $89.13.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, equities analysts expect that Cameco Corporation will post 1.27 EPS for the current 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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