Lesa Sroufe & Co Acquires Shares of 3,190 Cameco Corporation $CCJ

Key Points

• Lesa Sroufe & Co has acquired 3,190 shares of Cameco Corporation, valued at approximately $237,000, during the 2nd quarter.
• Cameco Corporation reported a 46.7% increase in revenue year-over-year, achieving $467.72 million, despite EPS exceeding estimates at $0.51.
• The firm currently holds a market capitalization of $40.70 billion, with a PE ratio of 107.46, indicating heightened interest and valuation within the uranium sector.

Lesa Sroufe & Co acquired 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 Securities & Exchange Commission. The institutional investor acquired 3,190 shares of the basic materials company's stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Manchester Capital Management LLC raised its position in shares of Cameco by 100.0% during the 1st 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 period. Dagco Inc. bought a new position in Cameco during the 1st quarter worth $28,000. SVB Wealth LLC bought a new position in Cameco during the 1st quarter worth $29,000. Trust Co. of Vermont grew its stake in Cameco by 1,029.4% during 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 during the last quarter. Finally, Hilltop National Bank bought a new position in Cameco during the 2nd quarter worth $30,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

CCJ opened at $93.49 on Thursday. The firm has a market cap of $40.70 billion, a PE ratio of 107.46 and a beta of 0.99. The business has a fifty day simple moving average of $80.72 and a 200-day simple moving average of $66.70. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $97.79.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. During the same quarter last year, the firm posted $0.14 earnings per share. Cameco's revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of recent research reports. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Friday, October 10th. President Capital upgraded Cameco from a "neutral" rating to a "buy" rating in a research note on Monday, September 22nd. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Cameco in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Cameco from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $89.55.

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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