Lingohr Asset Management GmbH Has $997,000 Stock Position in Cameco Corporation $CCJ

Key Points

• Lingohr Asset Management GmbH increased its stake in Cameco Corporation by 112.2% in Q2, now holding shares valued at approximately $997,000.
• Several institutional investors boosted their investments in Cameco, resulting in 70.21% of the stock being owned by institutional investors and hedge funds.
• Analysts have set an average price target of $89.55 for Cameco, with many maintaining a "Buy" or "Outperform" rating on the stock.

Lingohr Asset Management GmbH raised its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 112.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,425 shares of the basic materials company's stock after acquiring an additional 7,097 shares during the quarter. Cameco makes up about 1.8% of Lingohr Asset Management GmbH's portfolio, making the stock its 14th largest holding. Lingohr Asset Management GmbH's holdings in Cameco were worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Amanah Holdings Trust acquired a new position in Cameco in the 2nd quarter valued at approximately $32,744,000. Hedges Asset Management LLC bought a new stake in shares of Cameco in the 2nd quarter valued at $356,000. Wesbanco Bank Inc. bought a new stake in shares of Cameco in the 2nd quarter valued at $223,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Cameco by 43.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,324 shares of the basic materials company's stock valued at $98,000 after purchasing an additional 404 shares during the last quarter. Finally, TrueWealth Advisors LLC boosted its stake in shares of Cameco by 4.5% in the 2nd quarter. TrueWealth Advisors LLC now owns 10,693 shares of the basic materials company's stock valued at $794,000 after purchasing an additional 463 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CCJ shares. UBS Group set a $102.00 price objective on shares of Cameco in a research note on Tuesday, September 9th. Glj Research reaffirmed a "buy" rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Royal Bank Of Canada upped 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. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. Finally, CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They set an "outperform" rating and a $102.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $89.55.

Cameco Stock Down 2.3%

Cameco stock opened at $78.07 on Monday. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $83.02. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 89.74 and a beta of 1.04. The firm's fifty day moving average price is $76.21 and its two-hundred day moving average price is $60.12. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the firm earned $0.14 earnings per share. The business's quarterly 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 predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

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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