Cameco Corporation $CCJ Stock Position Raised by Meitav Investment House Ltd.

Meitav Investment House Ltd. increased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 58.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,679 shares of the basic materials company’s stock after acquiring an additional 5,022 shares during the quarter. Meitav Investment House Ltd.’s holdings in Cameco were worth $1,015,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Capital Advisors Inc. OK boosted its stake in Cameco by 0.8% in the second quarter. Capital Advisors Inc. OK now owns 758,767 shares of the basic materials company’s stock valued at $56,323,000 after acquiring an additional 5,730 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Cameco by 1.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock worth $1,623,000 after purchasing an additional 206 shares during the last quarter. Autumn Glory Partners LLC acquired a new position in Cameco during the 2nd quarter valued at approximately $355,000. Chung Wu Investment Group LLC acquired a new position in Cameco during the 2nd quarter valued at approximately $74,000. Finally, Kercheville Advisors LLC grew its stake in Cameco by 128.2% during the 2nd quarter. Kercheville Advisors LLC now owns 38,137 shares of the basic materials company’s stock worth $2,831,000 after buying an additional 21,428 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 1.5%

Cameco stock opened at $86.63 on Wednesday. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $89.13. The stock has a market cap of $37.72 billion, a price-to-earnings ratio of 99.57 and a beta of 0.99. The company’s 50-day moving average price is $78.99 and its two-hundred day moving average price is $64.93. 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 posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) 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 business had revenue of $467.72 million during the quarter, compared to analysts’ expectations of $819.79 million. During the same period last year, the firm posted $0.14 earnings per share. The business’s revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. On average, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent research reports. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an “outperform” rating in a research note on Tuesday, June 10th. The Goldman Sachs Group lifted their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. UBS Group set a $102.00 target price on shares of Cameco in a research report on Tuesday, September 9th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. One investment 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. According to data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target 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.