Alps Advisors Inc. Acquires 1,154,270 Shares of Cameco Corporation $CCJ

Alps Advisors Inc. grew its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,701,559 shares of the basic materials company’s stock after buying an additional 1,154,270 shares during the quarter. Cameco accounts for approximately 1.8% of Alps Advisors Inc.’s holdings, making the stock its 10th biggest holding. Alps Advisors Inc. owned 1.08% of Cameco worth $407,484,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE bought a new stake in Cameco during the 2nd quarter worth about $735,498,000. Canada Pension Plan Investment Board bought a new stake in shares of Cameco during the second quarter valued at approximately $420,346,000. BlackRock Inc. purchased a new stake in shares of Cameco in the second quarter worth approximately $381,091,000. Cibc World Market Inc. acquired a new stake in shares of Cameco in the second quarter worth $354,022,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Cameco during the second quarter worth $301,990,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of NYSE CCJ opened at $71.34 on Friday. The firm’s 50-day moving average price is $87.26 and its 200-day moving average price is $103.15. Cameco Corporation has a 52-week low of $66.06 and a 52-week high of $135.24. The company has a market cap of $31.07 billion, a PE ratio of 108.09, a PEG ratio of 1.56 and a beta of 1.18. The company has a quick ratio of 2.10, a current ratio of 2.55 and a debt-to-equity ratio of 0.14.

Cameco Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of C$0.24 per share. The ex-dividend date is Monday, November 30th. This represents a yield of 22.0%. Cameco’s payout ratio is presently 25.76%.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
• Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
• Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
• Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
• Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCJ. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Barclays decreased their price target on Cameco from $95.00 to $89.00 and set an “equal weight” rating on the stock in a report on Monday, November 2nd. Citigroup reaffirmed a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Finally, Zacks Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.38.

Cameco Company Profile