Cameco Corporation $CCJ Stock Holdings Lowered by Ieq Capital LLC

Ieq Capital LLC reduced its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 11.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,560 shares of the basic materials company’s stock after selling 1,058 shares during the quarter. Ieq Capital LLC’s holdings in Cameco were worth $352,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC bought a new stake in shares of Cameco in the 1st quarter worth approximately $2,131,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Cameco in the fourth quarter worth approximately $839,000. Northwest & Ethical Investments L.P. increased its position in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock worth $1,750,000 after acquiring an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its position in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after acquiring an additional 11,879 shares in the last quarter. Finally, Nicholson Meyer Capital Management Inc. purchased a new position in shares of Cameco in the first quarter worth approximately $350,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 0.6%

Shares of NYSE CCJ opened at $75.85 on Friday. The firm has a market capitalization of $33.02 billion, a PE ratio of 87.18 and a beta of 1.04. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $83.02. The firm’s 50-day moving average is $75.64 and its 200-day moving average is $58.73.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on CCJ. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research report on Tuesday. Glj Research reaffirmed a “buy” rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. BMO Capital Markets reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Royal Bank Of Canada upped their price objective on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Two analysts have rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and an average price target of $83.32.

Cameco 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.