Private Trust Co. NA Has $233,000 Position in Cameco Corporation $CCJ

Private Trust Co. NA raised its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 155.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,145 shares of the basic materials company’s stock after acquiring an additional 1,916 shares during the quarter. Private Trust Co. NA’s holdings in Cameco were worth $233,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock valued at $703,295,000 after acquiring an additional 300,088 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares during the period. AGF Management Ltd. raised its position in shares of Cameco by 19.0% in 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. Ameriprise Financial Inc. raised its position in shares of Cameco by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock valued at $125,533,000 after purchasing an additional 521,492 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its position in shares of Cameco by 10.2% in the first quarter. Federation des caisses Desjardins du Quebec now owns 2,461,263 shares of the basic materials company’s stock valued at $101,154,000 after purchasing an additional 228,148 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 0.8%

Shares of Cameco stock opened at $85.88 on Tuesday. The company has a market capitalization of $37.39 billion, a price-to-earnings ratio of 98.71 and a beta of 0.99. 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 Corporation has a 12-month low of $35.00 and a 12-month high of $97.79. The firm’s 50-day moving average price is $81.37 and its two-hundred day moving average price is $68.04.

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

Analysts Set New Price Targets

CCJ has been the topic of several research analyst reports. Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a research report on Sunday. Royal Bank Of Canada raised their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. TD Securities reaffirmed a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price 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.