Roman Butler Fullerton & Co. Makes New Investment in Cameco Corporation $CCJ

Roman Butler Fullerton & Co. bought a new position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,724 shares of the basic materials company's stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Co. of Vermont grew its stake in Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company's stock worth $29,000 after acquiring an additional 350 shares during the period. Hilltop National Bank purchased a new stake in Cameco in the 2nd quarter worth approximately $30,000. Atticus Wealth Management LLC purchased a new stake in Cameco in the 2nd quarter worth approximately $34,000. Manchester Capital Management LLC grew its stake in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after acquiring an additional 300 shares during the period. Finally, Dagco Inc. purchased a new stake in Cameco in the 1st quarter worth approximately $28,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $86.23 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $37.54 billion, a price-to-earnings ratio of 99.11 and a beta of 0.99. The firm's fifty day simple moving average is $81.83 and its 200 day simple moving average is $68.59. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $97.79.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The business had revenue of $467.72 million for 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%. The business's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen raised shares of Cameco from a "hold" rating to a "buy" rating in a research note on Sunday, October 19th. Royal Bank Of Canada boosted 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Cameco in a research note on Wednesday, October 8th. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Cameco in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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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