Lee Johnson Capital Management LLC Acquires New Position in Cameco Corporation $CCJ

Key Points

• Lee Johnson Capital Management LLC has acquired a new position in Cameco Corporation, purchasing 10,643 shares valued at approximately $790,000 during the 2nd quarter.
• Cameco's recent earnings report exceeded expectations, showing an EPS of $0.51, which is significantly higher than the consensus estimate of $0.29, and reflecting a 46.7% increase in quarterly revenue year-over-year.
• Wall Street analysts have mixed views on Cameco stock, with two analysts recommending a Strong Buy rating, while others have downgraded their rating to "hold," indicating varied expectations for future performance.

Lee Johnson Capital Management 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 Form 13F filing with the SEC. The institutional investor acquired 10,643 shares of the basic materials company's stock, valued at approximately $790,000.

Other institutional investors also recently bought and sold shares of the company. MetLife Investment Management LLC purchased a new stake in Cameco during the 1st quarter valued at about $2,131,000. Northwest & Ethical Investments L.P. grew its position in Cameco by 50.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company's stock valued at $1,750,000 after purchasing an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its position in Cameco by 41.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after purchasing an additional 11,879 shares during the last quarter. Edmond DE Rothschild Holding S.A. grew its position in Cameco by 74.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company's stock valued at $2,017,000 after purchasing an additional 20,947 shares during the last quarter. Finally, Nicholson Meyer Capital Management Inc. purchased a new stake in Cameco during the 1st quarter valued at about $350,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Down 1.3%

CCJ stock opened at $84.48 on Tuesday. 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 fifty day moving average price of $78.32 and a 200 day moving average price of $63.37. The firm has a market cap of $36.78 billion, a PE ratio of 97.10 and a beta of 1.04. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $89.13.

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 the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco's quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CCJ shares. Wall Street Zen downgraded shares of Cameco from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. Glj Research restated a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. President Capital upgraded shares of Cameco from a "neutral" rating to a "buy" rating in a research note on Monday, September 22nd. National Bankshares restated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $89.55.

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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