Aubrey Capital Management Ltd Trims Holdings in Cameco Corporation $CCJ

Aubrey Capital Management Ltd lowered its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 15.0% in the first quarter, Holdings Channel reports. The institutional investor owned 36,700 shares of the basic materials company’s stock after selling 6,500 shares during the quarter. Cameco accounts for approximately 2.1% of Aubrey Capital Management Ltd’s portfolio, making the stock its 15th biggest position. Aubrey Capital Management Ltd’s holdings in Cameco were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in shares of Cameco in the 4th quarter worth about $25,000. Founders Capital Management acquired a new stake in shares of Cameco in the 4th quarter valued at about $27,000. Strategic Advocates LLC bought a new position in shares of Cameco during the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cameco by 30,700.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in Cameco in the fourth quarter worth about $28,000. Institutional investors own 70.21% of the company’s stock.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, pointing to strong uranium production, diversification from Westinghouse and Fuel Services, and a high price target that implies meaningful upside. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Neutral Sentiment: Coverage comparing Cameco with Energy Fuels argued that CCJ is a weaker uranium opportunity today, though the view was based more on relative fundamentals than a fresh company-specific event. UUUU vs. CCJ: Which Uranium Stock Offers the Better Opportunity Today?
• Neutral Sentiment: A Seeking Alpha article also argued that Wall Street may be paying too much for Cameco’s long-term nuclear growth story, adding to the debate around valuation rather than changing the underlying business outlook. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream
• Negative Sentiment: Investor concern increased after Cameco’s temporary Cigar Lake mining suspension, which raised questions about near-term production reliability and helped push the stock lower. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Unusual trading in CCJ put options suggests traders were positioning for more downside, reinforcing the cautious tone around the stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada boosted their price objective on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Bank of America reduced their target price on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. William Blair started coverage on Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Truist Financial started coverage on Cameco in a research report on Monday. They set a “buy” rating and a $129.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $146.52.

Cameco Price Performance

Shares of NYSE CCJ opened at $91.68 on Wednesday. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The stock has a market cap of $39.93 billion, a P/E ratio of 84.89, a P/E/G ratio of 1.59 and a beta of 1.02. The firm’s 50-day simple moving average is $105.73 and its 200 day simple moving average is $110.91. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Equities analysts expect that Cameco Corporation will post 1.2 EPS for the current year.

About Cameco

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.