Lesa Sroufe & Co Buys Shares of 3,190 Cameco Corporation $CCJ

Lesa Sroufe & Co bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,190 shares of the basic materials company’s stock, valued at approximately $237,000.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC grew its position in Cameco by 0.4% during the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after buying an additional 127 shares in the last quarter. Signaturefd LLC grew its position in Cameco by 2.4% during the second quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock worth $603,000 after buying an additional 191 shares in the last quarter. Belpointe Asset Management LLC grew its position in Cameco by 1.0% during the second quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock worth $1,623,000 after buying an additional 206 shares in the last quarter. Country Club Bank grew its position in Cameco by 0.5% during the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock worth $1,822,000 after buying an additional 224 shares in the last quarter. Finally, Sunpointe LLC grew its position in Cameco by 1.8% during the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock worth $670,000 after buying an additional 288 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 0.3%

Shares of CCJ opened at $93.49 on Thursday. The company has a market capitalization of $40.70 billion, a P/E ratio of 107.46 and a beta of 0.99. 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 Corporation has a one year low of $35.00 and a one year high of $97.79. The business’s 50 day simple moving average is $80.72 and its 200-day simple moving average is $66.70.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. The business had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue was up 46.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CCJ shares. TD Securities reissued a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. Royal Bank Of Canada lifted their target price on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cameco in a report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Finally, CLSA began coverage on Cameco in a report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average target price of $89.55.

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.