Sumitomo Mitsui Trust Group Inc. Purchases New Position in Cameco Corporation $CCJ

Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 383,912 shares of the basic materials company’s stock, valued at approximately $33,274,000.

A number of other institutional investors have also added to or reduced their stakes in CCJ. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Cameco during the third quarter worth $19,883,000. Vise Technologies Inc. increased its holdings in shares of Cameco by 34.5% during the third quarter. Vise Technologies Inc. now owns 12,345 shares of the basic materials company’s stock worth $1,070,000 after buying an additional 3,169 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Cameco by 52.3% during the third quarter. MGO One Seven LLC now owns 9,365 shares of the basic materials company’s stock worth $812,000 after buying an additional 3,214 shares in the last quarter. Heritage Wealth Management Inc. lifted its stake in shares of Cameco by 2.3% in the 3rd quarter. Heritage Wealth Management Inc. now owns 30,825 shares of the basic materials company’s stock valued at $2,672,000 after acquiring an additional 700 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Cameco by 25.8% in the 3rd quarter. International Assets Investment Management LLC now owns 4,002 shares of the basic materials company’s stock valued at $320,000 after acquiring an additional 821 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCJ shares. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Truist Financial lowered their target price on Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, October 22nd. Jefferies Financial Group began coverage on Cameco in a report on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Finally, Bank of America dropped their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $147.38.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in its view of the stock. Tickerreport article
• Positive Sentiment: On its earnings call, Cameco highlighted disciplined uranium pricing, tight nuclear-fuel supplies and potential growth from Westinghouse—factors that could support its longer-term outlook. The company also noted higher costs and weaker quarterly earnings. Cameco Q3 earnings call highlights
• Neutral Sentiment: Cameco filed a technical report for its McArthur River operation. The filing provides operational information, but the report’s market impact is unclear from the available coverage. Cameco document filing
• Negative Sentiment: Recent coverage cites a third-quarter earnings miss, lower uranium sales and a reduced 2026 outlook as near-term pressures on the shares. Cameco outlook after Q3 earnings
• Negative Sentiment: Barclays cut its price target for Cameco, adding to cautious sentiment. The available report did not specify the revised target. Barclays price-target report

Cameco Trading Down 4.6%

CCJ opened at $68.41 on Friday. Cameco Corporation has a fifty-two week low of $66.06 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.55 and a quick ratio of 2.10. The firm has a market capitalization of $29.79 billion, a price-to-earnings ratio of 103.65, a PEG ratio of 1.59 and a beta of 1.18. The company’s 50 day moving average price is $87.96 and its two-hundred day moving average price is $103.37.

Cameco Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of C$0.24 per share. This represents a dividend yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s payout ratio is 24.24%.

About Cameco

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.