Vanguard Capital Wealth Advisors Raises Stake in Cameco Corporation $CCJ

Key Points

• Vanguard Capital Wealth Advisors increased its position in Cameco Corporation by 120.4% during the second quarter, now holding 16,540 shares worth approximately $1.23 million.
• Analysts currently have a consensus rating of "Buy" for Cameco, with a price target of $89.55, and recent reports show mixed ratings from different analysts.
• Cameco's latest earnings report showed an EPS of $0.51, exceeding expectations and marking a 46.7% revenue increase compared to the same quarter last year.

Vanguard Capital Wealth Advisors boosted its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 120.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,540 shares of the basic materials company's stock after buying an additional 9,035 shares during the period. Cameco makes up approximately 1.2% of Vanguard Capital Wealth Advisors' investment portfolio, making the stock its 17th largest holding. Vanguard Capital Wealth Advisors' holdings in Cameco were worth $1,228,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bison Wealth LLC lifted its holdings in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after acquiring an additional 2,975 shares during the period. Tidal Investments LLC lifted its holdings in Cameco by 44.7% in the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock valued at $1,888,000 after acquiring an additional 11,340 shares during the period. Two Sigma Investments LP lifted its holdings in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after acquiring an additional 238 shares during the period. Waverly Advisors LLC acquired a new position in Cameco in the fourth quarter valued at approximately $323,000. Finally, Voloridge Investment Management LLC acquired a new position in Cameco in the fourth quarter valued at approximately $13,002,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CCJ shares. Wall Street Zen lowered Cameco from a "buy" rating to a "hold" rating in a research report on Monday, September 15th. National Bankshares reiterated an "outperform" rating on shares of Cameco in a research report on Friday, August 22nd. CLSA started coverage on Cameco in a research report on Tuesday, September 9th. They set an "outperform" rating and a $102.00 target price on the stock. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, July 8th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a research report on Friday, August 29th. Two research analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company's stock. According to data from MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus price target of $89.55.

Cameco Price Performance

Shares of NYSE CCJ opened at $86.30 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. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $86.84. The stock has a 50 day moving average of $77.31 and a two-hundred day moving average of $61.42. The stock has a market cap of $37.57 billion, a P/E ratio of 99.20 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. The company's revenue for the quarter was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

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.

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