Cameco Corporation $CCJ Shares Sold by Nicholson Meyer Capital Management Inc.

Nicholson Meyer Capital Management Inc. trimmed its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,350 shares of the basic materials company’s stock after selling 1,150 shares during the quarter. Cameco makes up 0.5% of Nicholson Meyer Capital Management Inc.’s holdings, making the stock its 28th largest holding. Nicholson Meyer Capital Management Inc.’s holdings in Cameco were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Atticus Wealth Management LLC acquired a new stake in shares of Cameco in the second quarter worth $34,000. Manchester Capital Management LLC boosted its position in shares of Cameco by 100.0% in the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock worth $25,000 after buying an additional 300 shares during the period. Dagco Inc. acquired a new stake in shares of Cameco in the first quarter worth $28,000. SVB Wealth LLC acquired a new stake in shares of Cameco in the first quarter worth $29,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Cameco by 1,798.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the basic materials company’s stock worth $50,000 after buying an additional 1,151 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CCJ. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. UBS Group set a $102.00 price objective on Cameco in a research report on Tuesday, September 9th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Royal Bank Of Canada lifted their price objective on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, CLSA began coverage on Cameco in a research report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $89.55.

Cameco Price Performance

Shares of NYSE:CCJ opened at $85.52 on Monday. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $89.13. The business has a 50-day moving average of $78.17 and a two-hundred day moving average of $63.08. The stock has a market capitalization of $37.23 billion, a P/E ratio of 98.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company had revenue of $467.72 million during the quarter, compared to analysts’ expectations of $819.79 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Cameco Company 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.