Cameco Corporation $CCJ Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. lowered its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 13.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 96,572 shares of the basic materials company’s stock after selling 15,094 shares during the quarter. Cameco comprises about 3.3% of Azarias Capital Management L.P.’s portfolio, making the stock its 9th largest position. Azarias Capital Management L.P.’s holdings in Cameco were worth $7,169,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCJ. Alliancebernstein L.P. lifted 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 period. Canada Pension Plan Investment Board lifted its stake in Cameco by 215.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after acquiring an additional 1,387,797 shares during the period. Temasek Holdings Private Ltd acquired a new stake in Cameco during the 1st quarter valued at approximately $55,513,000. Nuveen LLC acquired a new stake in Cameco during the 1st quarter valued at approximately $29,290,000. Finally, AGF Management Ltd. lifted its position in Cameco by 19.0% during the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after purchasing an additional 644,413 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $84.33 on Friday. The stock has a market capitalization of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $89.13. 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 stock has a 50-day moving average of $78.70 and a 200 day moving average of $64.22.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. TD Securities restated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. UBS Group set a $102.00 price objective on Cameco in a report on Tuesday, September 9th. National Bankshares reissued an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. Wall Street Zen raised Cameco from a “hold” rating to a “buy” rating in a report on Friday. Finally, CLSA began coverage on Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.