Quantbot Technologies LP purchased a new position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,876 shares of the basic materials company's stock, valued at approximately $900,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Renaissance Technologies LLC acquired a new position in Cameco during the 4th quarter worth approximately $1,660,000. First Trust Advisors LP acquired a new position in Cameco during the 4th quarter worth approximately $390,000. Adage Capital Partners GP L.L.C. acquired a new position in Cameco during the 4th quarter worth approximately $2,570,000. Integrated Wealth Concepts LLC grew its holdings in Cameco by 6.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,705 shares of the basic materials company's stock worth $293,000 after acquiring an additional 370 shares in the last quarter. Finally, Prosperity Consulting Group LLC grew its holdings in Cameco by 7.4% during the 4th quarter. Prosperity Consulting Group LLC now owns 9,700 shares of the basic materials company's stock worth $498,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Analyst Upgrades and Downgrades
CCJ has been the subject of several analyst reports. National Bankshares reiterated an "outperform" rating on shares of Cameco in a report on Friday, August 22nd. The Goldman Sachs Group increased their target price 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. 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. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada lifted their target price on Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $83.32.
Read Our Latest Analysis on Cameco
Cameco Stock Performance
NYSE:CCJ traded down $1.29 during trading hours on Friday, reaching $77.35. 5,671,714 shares of the company's stock were exchanged, compared to its average volume of 4,729,415. The firm has a market capitalization of $33.68 billion, a price-to-earnings ratio of 88.83 and a beta of 1.06. The company has a 50-day moving average of $75.04 and a 200 day moving average of $57.57. 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 1-year low of $35.00 and a 1-year high of $83.02.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to analysts' expectations 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 quarter in the prior year, the business earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.
Cameco Profile
(
Free Report)
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.
Featured Stories
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access