Cameco Corporation $CCJ Holdings Trimmed by CWA Asset Management Group LLC

CWA Asset Management Group LLC lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 243,121 shares of the basic materials company’s stock after selling 14,011 shares during the period. Cameco accounts for 0.8% of CWA Asset Management Group LLC’s investment portfolio, making the stock its 27th largest position. CWA Asset Management Group LLC’s holdings in Cameco were worth $18,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of CCJ. Bison Wealth LLC boosted its stake in Cameco by 16.1% during the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 2,975 shares in the last quarter. Two Sigma Investments LP boosted its stake in Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after buying an additional 238 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Cameco by 29.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,275 shares of the basic materials company’s stock valued at $322,000 after buying an additional 1,439 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Cameco by 112.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,732 shares of the basic materials company’s stock valued at $71,000 after buying an additional 916 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Cameco by 3,927.4% during the first quarter. GAMMA Investing LLC now owns 20,580 shares of the basic materials company’s stock valued at $847,000 after buying an additional 20,069 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. CLSA assumed coverage on Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. Royal Bank Of Canada increased their price target on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, UBS Group set a $102.00 price target on Cameco in a research report on Tuesday, September 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $89.55.

Cameco Trading Down 0.2%

Shares of NYSE CCJ opened at $85.52 on Friday. Cameco Corporation has a one year low of $35.00 and a one year high of $89.13. The firm has a market capitalization of $37.23 billion, a PE ratio of 98.30 and a beta of 1.04. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $78.17 and a two-hundred day moving average price of $62.93.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the company posted $0.14 EPS. The business’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.