Wealth Enhancement Advisory Services LLC Acquires 6,127 Shares of Cameco Corporation $CCJ

Key Points

• Wealth Enhancement Advisory Services LLC increased its position in Cameco Corporation by 74.9%, acquiring an additional 6,127 shares, bringing its total to 14,310 shares valued at approximately $1,051,000.
• Several institutional investors have also boosted their stakes in Cameco, with a majority of the firm's stock now held by institutional investors, accounting for 70.21% of total shares.
• Cameco reported earnings of $0.51 per share for Q2, surpassing analyst estimates and showing a 46.7% year-over-year revenue increase, although the revenue fell short of expectations.

Wealth Enhancement Advisory Services LLC lifted its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 74.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,310 shares of the basic materials company's stock after purchasing an additional 6,127 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Cameco were worth $1,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CCJ. Manchester Capital Management LLC raised its stake 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 period. Dagco Inc. bought a new stake in Cameco during the 1st quarter worth approximately $28,000. SVB Wealth LLC bought a new stake in Cameco during the 1st quarter worth approximately $29,000. Atticus Wealth Management LLC bought a new stake in Cameco during the 2nd quarter worth approximately $34,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in Cameco by 1,798.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the basic materials company's stock worth $50,000 after acquiring an additional 1,151 shares during the period. Institutional investors own 70.21% of the company's stock.

Cameco Trading Down 0.5%

CCJ stock opened at $83.47 on Thursday. The firm has a fifty day moving average price of $78.52 and a 200 day moving average price of $63.66. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $89.13. 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 firm has a market cap of $36.34 billion, a PE ratio of 95.94 and a beta of 0.99.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the firm posted $0.14 earnings per share. Cameco'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. Sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. BMO Capital Markets restated an "outperform" rating on shares of Cameco in a research note on Friday, August 29th. UBS Group set a $102.00 target price on shares of Cameco in a research note on Tuesday, September 9th. Raymond James Financial restated an "outperform" rating on shares of Cameco in a research note on Tuesday, September 2nd. Glj Research restated a "buy" rating and set a $75.27 target price on shares of Cameco in a research note on Thursday, June 12th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Cameco in a report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to data from MarketBeat.com, Cameco currently has a consensus 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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