Cameco Corporation $CCJ is MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s 7th Largest Position

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 1,876,607 shares of Cameco Corporation, reducing its stake by 11.1% during the first quarter, leaving it with approximately 14.97 million shares.
• Shares of Cameco are currently priced at $76.38, reflecting a significant increase from its 12-month low of $35.00, with a market capitalization of $33.26 billion.
• Recent earnings results showed Cameco's EPS of $0.51 surpassing analysts' expectations, while revenue grew by 46.7% compared to the previous year.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,969,437 shares of the basic materials company's stock after selling 1,876,607 shares during the period. Cameco accounts for approximately 1.4% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s investment portfolio, making the stock its 7th biggest holding. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 3.44% of Cameco worth $616,147,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its position in shares of Cameco by 48.7% during the 1st quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company's stock worth $349,000 after purchasing an additional 2,780 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its position in shares of 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 worth $2,017,000 after purchasing an additional 20,947 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Cameco during the 1st quarter worth about $2,051,000. Banque Transatlantique SA bought a new position in shares of Cameco during the 1st quarter worth about $187,000. Finally, Alliancebernstein L.P. boosted its position in shares of Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company's stock worth $578,226,000 after purchasing an additional 3,959,837 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of Cameco stock traded down $0.46 during mid-day trading on Friday, hitting $75.85. 2,480,601 shares of the stock were exchanged, compared to its average volume of 3,585,882. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $83.02. The company has a 50-day simple moving average of $75.64 and a 200 day simple moving average of $58.90. 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 company has a market capitalization of $33.02 billion, a P/E ratio of 87.18 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted 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 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 analysts' expectations of $819.79 million. During the same quarter last year, the firm earned $0.14 EPS. The company's quarterly revenue was up 46.7% compared to the same quarter last year. 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.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCJ. TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Wall Street Zen raised shares of Cameco from a "hold" rating to a "buy" rating in a research report on Sunday. The Goldman Sachs Group raised their price target on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada raised their price target on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $83.32.

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.