Hartree Partners LP lifted its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 76.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,413 shares of the basic materials company's stock after acquiring an additional 52,413 shares during the period. Cameco accounts for 1.8% of Hartree Partners LP's holdings, making the stock its 17th largest position. Hartree Partners LP's holdings in Cameco were worth $4,997,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Capital Wealth Advisors acquired a new stake in shares of Cameco in the fourth quarter worth approximately $839,000. Northwest & Ethical Investments L.P. boosted its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock worth $1,750,000 after acquiring an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP boosted its stake in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Nicholson Meyer Capital Management Inc. acquired a new stake in shares of Cameco in the first quarter worth approximately $350,000. Finally, Balefire LLC boosted its stake in shares of Cameco by 42.9% in the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock worth $1,383,000 after acquiring an additional 10,081 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on CCJ. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada upped their target price on Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $83.32.
Check Out Our Latest Analysis on CCJ
Cameco Trading Up 4.8%
Shares of Cameco stock traded up $3.4020 during trading hours on Friday, hitting $74.8320. The company's stock had a trading volume of 4,582,504 shares, compared to its average volume of 4,243,077. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $80.32. The firm has a fifty day moving average of $74.49 and a 200-day moving average of $56.94. The stock has a market cap of $32.58 billion, a price-to-earnings ratio of 86.01 and a beta of 1.06. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.
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 EPS 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 business had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same quarter in the prior year, the company posted $0.14 EPS. The company's quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.
About Cameco
(
Free Report)
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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