International Assets Investment Management LLC Buys New Stake in Cameco Corporation $CCJ

Key Points

• International Assets Investment Management LLC acquired a new stake in Cameco Corporation worth approximately $283,000, purchasing 3,818 shares during the 2nd quarter.
• Research analysts have upgraded Cameco’s stock ratings, with several firms issuing an "outperform" rating and price targets of up to $110.00.
• Cameco recently reported a significant increase in revenue, with a 46.7% year-over-year growth, achieving $0.51 EPS for the last quarter, exceeding analysts' expectations.

International Assets Investment Management LLC bought a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,818 shares of the basic materials company's stock, valued at approximately $283,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Co. of Vermont lifted its holdings in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after buying an additional 350 shares in the last quarter. Hilltop National Bank acquired a new position in Cameco in the 2nd quarter worth $30,000. Atticus Wealth Management LLC acquired a new position in Cameco in the 2nd quarter worth $34,000. Manchester Capital Management LLC lifted its holdings in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after buying an additional 300 shares in the last quarter. Finally, Dagco Inc. acquired a new position in Cameco in the 1st quarter worth $28,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research note on Sunday. CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 price target on the stock. UBS Group set a $102.00 price target on shares of Cameco in a research note on Tuesday, September 9th. Royal Bank Of Canada raised their price objective on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $89.55.

Cameco Trading Up 0.9%

Cameco stock opened at $83.52 on Thursday. The company has a 50 day moving average price of $81.62 and a 200 day moving average price of $68.25. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $97.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The firm has a market capitalization of $36.37 billion, a price-to-earnings ratio of 96.00 and a beta of 0.99.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same quarter last year, the business posted $0.14 EPS. The company's 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

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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