Connor Clark & Lunn Investment Management Ltd. Takes $301.99 Million Position in Cameco Corporation $CCJ

Posted by Brenda Bartman on Aug 24th, 2026

Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) during the 2nd quarter, HoldingsChannel reports. The fund purchased 2,965,721 shares of the basic materials company’s stock, valued at approximately $301,990,000.

Several other large investors also recently bought and sold shares of CCJ. Norges Bank acquired a new stake in Cameco in the 4th quarter valued at about $443,265,000. BlackRock Inc. acquired a new position in shares of Cameco during the 2nd quarter worth approximately $381,091,000. William Blair Investment Management LLC acquired a new position in shares of Cameco during the 2nd quarter worth approximately $189,331,000. Marshall Wace LLP grew its position in shares of Cameco by 7,481.3% in the fourth quarter. Marshall Wace LLP now owns 1,752,571 shares of the basic materials company’s stock valued at $160,343,000 after purchasing an additional 1,729,454 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Cameco in the second quarter valued at approximately $163,449,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research report on Monday, June 15th. Weiss Ratings cut Cameco from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, August 12th. Scotiabank reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Truist Financial boosted their price target on shares of Cameco from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.68.

Read Our Latest Research Report on CCJ

Cameco Stock Up 0.0%

Shares of NYSE CCJ opened at $102.55 on Monday. The company has a market capitalization of $44.66 billion, a P/E ratio of 173.81, a P/E/G ratio of 1.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. The company has a 50 day simple moving average of $96.21 and a 200-day simple moving average of $107.40. Cameco Corporation has a 1 year low of $72.75 and a 1 year high of $135.24.

Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last released its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The business had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s revenue was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. On average, equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Profile

(Free Report)

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.