Galilei Investment Office LLP Decreases Stake in Cameco Corporation $CCJ

Galilei Investment Office LLP reduced its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 30.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,075 shares of the basic materials company’s stock after selling 470 shares during the period. Cameco makes up about 0.0% of Galilei Investment Office LLP’s holdings, making the stock its 27th largest position. Galilei Investment Office LLP’s holdings in Cameco were worth $80,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Trust Co. of Vermont boosted its position in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 350 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Cameco during the 2nd quarter worth $30,000. Atticus Wealth Management LLC purchased a new stake in shares of Cameco during the 2nd quarter worth $34,000. Manchester Capital Management LLC boosted its position in shares of 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 purchasing an additional 300 shares in the last quarter. Finally, Dagco Inc. purchased a new stake in shares of Cameco during the 1st quarter worth $28,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CCJ shares. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. CLSA initiated coverage on Cameco in a research note on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target for the company. Royal Bank Of Canada lifted their price target on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday. Finally, Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Cameco has an average rating of “Buy” and an average target price of $89.55.

Cameco Trading Up 6.3%

Shares of CCJ stock opened at $92.09 on Tuesday. The firm has a 50-day moving average price of $80.01 and a 200 day moving average price of $66.32. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $94.36. The company has a market capitalization of $40.09 billion, a price-to-earnings ratio of 105.85 and a beta of 0.99. 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 (NYSE:CCJ) (TSE:CCO) last announced 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. 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 the consensus estimate of $819.79 million. During the same quarter in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts forecast that Cameco Corporation will post 1.27 earnings per share 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.