Cameco Corporation $CCJ Shares Sold by Stephens Inc. AR

Stephens Inc. AR lessened its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 16.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 10,277 shares of the basic materials company’s stock after selling 2,089 shares during the period. Stephens Inc. AR’s holdings in Cameco were worth $763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MetLife Investment Management LLC acquired a new stake in shares of Cameco during the 1st quarter valued at $2,131,000. TD Asset Management Inc lifted its holdings in shares of Cameco by 3.7% in the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after purchasing an additional 77,081 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock worth $1,750,000 after acquiring an additional 14,154 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in shares of Cameco by 74.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after acquiring an additional 20,947 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. National Bankshares reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Stock Up 2.1%

Shares of CCJ opened at $88.11 on Friday. The stock has a market cap of $38.36 billion, a price-to-earnings ratio of 101.28 and a beta of 0.99. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $97.79. The company has a 50-day moving average price of $82.08 and a two-hundred day moving average price of $68.95.

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

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.