3,152 Shares in Cameco Corporation $CCJ Acquired by Summit X LLC

Summit X LLC purchased a new stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,152 shares of the basic materials company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in Cameco by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock worth $703,295,000 after acquiring an additional 300,088 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Cameco by 39.3% during the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. AGF Management Ltd. increased its position in shares of Cameco by 19.0% during the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock worth $166,206,000 after purchasing an additional 644,413 shares in the last quarter. William Blair Investment Management LLC increased its position in shares of Cameco by 15.1% during the second quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company’s stock worth $287,217,000 after purchasing an additional 506,667 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Cameco by 26.3% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,230,360 shares of the basic materials company’s stock valued at $240,269,000 after purchasing an additional 672,605 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.3%

Shares of Cameco stock opened at $92.30 on Monday. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $110.15. The stock’s fifty day moving average is $86.73 and its 200-day moving average is $73.63. The firm has a market capitalization of $40.19 billion, a PE ratio of 106.09 and a beta of 0.98. 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 (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.17). Cameco had a return on equity of 8.21% and a net margin of 14.97%.The business had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. During the same period last year, the business earned ($0.01) EPS. The business’s quarterly revenue was down 14.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Equities analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Monday, December 1st will be given a $0.24 dividend. This represents a yield of 25.0%. The ex-dividend date is Monday, December 1st. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is currently 13.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. National Bankshares restated an “outperform” rating on shares of Cameco in a research note on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. UBS Group set a $102.00 price target on Cameco in a report on Tuesday, September 9th. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. Finally, Royal Bank Of Canada boosted their price target on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of $102.61.

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.