Cameco Corporation $CCJ Shares Sold by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,091 shares of the basic materials company’s stock after selling 13,918 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Cameco were worth $8,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in shares of Cameco by 4.6% in the third quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock valued at $208,450,000 after acquiring an additional 108,841 shares in the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Cameco during the 4th quarter worth $1,974,000. Vanguard Group Inc. boosted its stake in Cameco by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock worth $1,653,639,000 after purchasing an additional 258,193 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after buying an additional 85,762 shares in the last quarter. Finally, Nikulski Financial Inc. purchased a new stake in shares of Cameco during the fourth quarter worth $930,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Cameco closed its acquisition of TEPCO Resources’ 5% interest in the Cigar Lake Joint Venture, lifting its ownership in the high-grade uranium mine to 57.418%. The larger stake could strengthen Cameco’s long-term control over production and cash flow from one of its most important assets. Cameco Closes Deal to Increase Ownership in Cigar Lake Mine
• Positive Sentiment: RBC Capital raised its price target on Cameco to C$175 from C$160 and kept an Outperform rating, citing improving uranium fundamentals. That signals continued analyst confidence in the stock’s medium-term outlook. RBC Capital Increased its Price Target on Cameco Corporation (CCJ)
• Neutral Sentiment: Investor-letter coverage highlighted Cameco as a uranium supplier held by TimesSquare Capital’s mid-cap growth strategy, which may support interest in the stock but does not represent a direct company catalyst. TimesSquare Mid Cap Growth Strategy Bets on Cameco Corp. (CCJ), a Uranium Supplier
• Negative Sentiment: Cameco temporarily suspended operations at its Cigar Lake mine after problems at Orano’s McClean Lake mill disrupted ore processing. That creates a near-term production headwind and is likely the most important reason the stock is trading lower today. Cigar Lake Operation Update

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCJ. Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price objective on shares of Cameco in a report on Monday, June 15th. Scotiabank reissued an “outperform” rating and issued a $175.00 target price on shares of Cameco in a research note on Wednesday, May 6th. Finally, William Blair began coverage on Cameco in a report on Monday, April 20th. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.92.

Cameco Stock Down 1.1%

NYSE CCJ opened at $96.36 on Friday. The business’s fifty day simple moving average is $109.86 and its 200-day simple moving average is $110.63. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The firm has a market cap of $41.97 billion, a PE ratio of 89.22, a P/E/G ratio of 1.78 and a beta of 1.02. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Cameco’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Cameco Corporation will post 1.21 earnings per share for the current year.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.