Capital Advisors Inc. OK Purchases 5,730 Shares of Cameco Corporation $CCJ

Capital Advisors Inc. OK boosted its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 758,767 shares of the basic materials company’s stock after acquiring an additional 5,730 shares during the quarter. Capital Advisors Inc. OK’s holdings in Cameco were worth $56,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MetLife Investment Management LLC bought a new stake in Cameco during the first quarter worth $2,131,000. Northwest & Ethical Investments L.P. raised 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 valued at $1,750,000 after purchasing an additional 14,154 shares during the period. Kayne Anderson Capital Advisors LP raised 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 valued at $1,663,000 after purchasing an additional 11,879 shares during the period. Edmond DE Rothschild Holding S.A. raised its position in shares of Cameco by 74.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock valued at $2,017,000 after purchasing an additional 20,947 shares during the period. Finally, Nicholson Meyer Capital Management Inc. bought a new position in shares of Cameco in the first quarter valued at about $350,000. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCJ. Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a research report on Friday. TD Securities reissued a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. Royal Bank Of Canada increased their price objective on shares of Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Cameco in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group increased their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $84.33 on Monday. The company’s 50 day moving average price is $78.70 and its two-hundred day moving average price is $64.50. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $89.13. The firm has a market cap of $36.72 billion, a PE ratio of 96.93 and a beta of 0.99. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

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

Cameco Company 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.