Union Bancaire Privee UBP SA Purchases 9,270 Shares of Cameco Corporation $CCJ

Key Points

• Union Bancaire Privee UBP SA increased its stake in Cameco Corporation by 114.0%, acquiring an additional 9,270 shares, bringing its total holdings to 17,404 shares valued at approximately $1.29 million.
• Analyst ratings for Cameco are predominantly positive, with two analysts giving it a Strong Buy rating, while fourteen rated it as a Buy, indicating strong confidence in the stock's potential.
• In its latest quarterly earnings, Cameco reported earnings per share of $0.51, exceeding analyst expectations, while revenues saw a 46.7% increase compared to the previous year.

Union Bancaire Privee UBP SA lifted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 114.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,404 shares of the basic materials company's stock after purchasing an additional 9,270 shares during the period. Union Bancaire Privee UBP SA's holdings in Cameco were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC grew its holdings in 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 acquiring an additional 300 shares during the last quarter. Dagco Inc. bought a new stake in shares of Cameco in the first quarter worth $28,000. SVB Wealth LLC bought a new stake in shares of Cameco in the first quarter worth $29,000. Atticus Wealth Management LLC bought a new stake in shares of Cameco in the 2nd quarter valued at about $34,000. Finally, Caitong International Asset Management Co. Ltd grew its position in shares of Cameco by 1,798.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the basic materials company's stock valued at $50,000 after buying an additional 1,151 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of analyst reports. Glj Research reiterated a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. TD Securities restated a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Wall Street Zen lowered shares of Cameco from a "buy" rating to a "hold" rating in a report on Monday, September 15th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada raised their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company's stock. According to data from MarketBeat.com, Cameco has an average rating of "Buy" and a consensus target price of $89.55.

Cameco Stock Performance

NYSE:CCJ opened at $83.97 on Wednesday. The company has a fifty day moving average of $78.44 and a 200-day moving average of $63.52. The firm has a market capitalization of $36.56 billion, a P/E ratio of 96.52 and a beta of 1.04. 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 twelve month low of $35.00 and a twelve month high of $89.13.

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 the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during 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%. Cameco's revenue for the quarter was up 46.7% compared to the same quarter last year. 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, sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current 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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