Kingswood Wealth Advisors LLC Purchases New Stake in Cameco Corporation $CCJ

Key Points

• Kingswood Wealth Advisors LLC has acquired a new stake in Cameco Corporation, purchasing 4,175 shares valued at approximately $310,000 during the second quarter.
• Analysts have shown confidence in Cameco's stock, with several upgrades, including President Capital raising its rating to "buy" and Royal Bank of Canada increasing the price target from $100 to $110.
• Cameco reported strong earnings per share of $0.51 for the last quarter, exceeding analyst expectations and achieving revenue growth of 46.7% compared to the same quarter last year.

Kingswood Wealth Advisors LLC acquired a new stake in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,175 shares of the basic materials company's stock, valued at approximately $310,000.

Several other institutional investors have also added to or reduced their stakes in CCJ. Trust Co. of Vermont lifted its holdings in shares of Cameco by 1,029.4% in the second 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 bought a new position in Cameco during the second quarter valued at approximately $30,000. Atticus Wealth Management LLC bought a new position in Cameco during the second quarter valued at approximately $34,000. 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. Finally, Dagco Inc. bought a new position in shares of Cameco in the first quarter worth approximately $28,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. President Capital upgraded shares of Cameco from a "neutral" rating to a "buy" rating in a report on Monday, September 22nd. Royal Bank Of Canada lifted their price target on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Wall Street Zen lowered Cameco from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, CLSA initiated coverage on shares of Cameco in a research report on Tuesday, September 9th. They set an "outperform" rating and a $102.00 price target for the company. One 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $89.55.

Cameco Price Performance

CCJ opened at $86.61 on Friday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $91.58. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The business's fifty day simple moving average is $79.67 and its 200-day simple moving average is $65.65. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 99.55 and a beta of 0.99.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) 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 business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the prior year, the company earned $0.14 EPS. The business's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company 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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