Cameco Corporation $CCJ Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 10.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 472,964 shares of the basic materials company’s stock after selling 55,833 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of Cameco worth $39,663,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCJ. Norges Bank acquired a new stake in shares of Cameco in the second quarter valued at $341,736,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Cameco by 41.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after acquiring an additional 2,071,373 shares during the period. Acadian Asset Management LLC raised its position in Cameco by 1,428.6% in the second quarter. Acadian Asset Management LLC now owns 978,300 shares of the basic materials company’s stock worth $72,505,000 after acquiring an additional 914,300 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in Cameco in the 2nd quarter valued at about $66,781,000. Finally, Fullerton Fund Management Co Ltd. lifted its holdings in Cameco by 3,586.0% in the 2nd quarter. Fullerton Fund Management Co Ltd. now owns 762,380 shares of the basic materials company’s stock valued at $56,591,000 after acquiring an additional 741,697 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 3.2%

Shares of NYSE:CCJ opened at $116.50 on Friday. The firm has a 50 day simple moving average of $93.29 and a 200 day simple moving average of $85.60. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $118.54. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.85 and a current ratio of 2.99. The company has a market cap of $50.73 billion, a PE ratio of 135.47 and a beta of 1.01.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. Cameco’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. As a group, research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Tuesday, December 16th. Investors of record on Monday, December 1st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a yield of 27.0%. Cameco’s payout ratio is presently 19.77%.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks upgraded Cameco from Hold to Strong Buy and added CCJ to its Zacks Rank #1 (Strong Buy) and momentum lists, signaling rising analyst optimism about earnings and near-term upside potential. Read More.
• Positive Sentiment: Bank of America included Cameco on a short list of three metals/mining stocks to own in 2026, highlighting uranium’s role in the global nuclear buildout and Cameco’s contract-heavy business model that provides revenue visibility. Read More.
• Positive Sentiment: Unusually large call-option activity: about 384,705 calls were bought on Thursday (~1,490% above normal daily call volume), a flows signal consistent with speculative bullish positioning that can amplify upward price moves. Read More.
• Positive Sentiment: Multiple Zacks items explain why CCJ joined lists of new Strong Buy and momentum picks, reinforcing the narrative that upgrades and positive screen-based coverage are driving investor demand. Read More.
• Neutral Sentiment: A sector comparison article highlights Cameco’s strong year-to-date performance vs. oil/energy peers and another uranium player (UROY), which provides context but is not a direct catalyst. Read More.
• Neutral Sentiment: A Zacks piece on Wall Street optimism reviews analyst sentiment and explains how brokerage ratings can affect price; useful framing but not a new catalyst. Read More.
• Negative Sentiment: Reported insider selling: Rep. Gilbert Ray Cisneros, Jr. reportedly unloaded Cameco shares, which can be viewed negatively by some investors as a signal of reduced insider conviction (though one sale alone is often ambiguous). Read More.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCJ shares. National Bankshares reaffirmed an “outperform” rating on shares of Cameco in a research note on Thursday, November 6th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday. UBS Group began coverage on shares of Cameco in a research report on Monday, November 10th. They issued a “neutral” rating and a $140.00 price target on the stock. Royal Bank Of Canada cut their price objective on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price of $121.68.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.