Trust Co. of Vermont Acquires 350 Shares of Cameco Corporation $CCJ

Trust Co. of Vermont raised its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1,029.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384 shares of the basic materials company’s stock after acquiring an additional 350 shares during the quarter. Trust Co. of Vermont’s holdings in Cameco were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Cameco by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock valued at $703,295,000 after acquiring an additional 300,088 shares during the period. Alliancebernstein L.P. raised its holdings in Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after acquiring an additional 3,959,837 shares during the period. AGF Management Ltd. raised its holdings in Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after acquiring an additional 644,413 shares during the period. Ameriprise Financial Inc. raised its holdings in Cameco by 20.6% during the 1st quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock valued at $125,533,000 after acquiring an additional 521,492 shares during the period. Finally, Federation des caisses Desjardins du Quebec raised its holdings in Cameco by 10.2% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 2,461,263 shares of the basic materials company’s stock valued at $101,154,000 after acquiring an additional 228,148 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Cameco stock opened at $84.33 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average of $78.70 and a 200-day moving average of $64.22. The firm has a market cap of $36.72 billion, a P/E ratio of 96.93 and a beta of 0.99. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $89.13.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS 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 during the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the business posted $0.14 earnings per share. Cameco’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cameco in a report on Saturday, September 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 29th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Finally, UBS Group set a $102.00 price target on shares of Cameco in a report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average target price of $89.55.

About Cameco

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.