Hager Investment Management Services LLC Raises Holdings in Cameco Corporation $CCJ

Hager Investment Management Services LLC lifted its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,628 shares of the basic materials company’s stock after buying an additional 127 shares during the period. Cameco comprises 1.4% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 26th biggest holding. Hager Investment Management Services LLC’s holdings in Cameco were worth $2,274,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. Glj Research reaffirmed a “buy” rating and issued a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. The Goldman Sachs Group raised their price objective on Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Royal Bank Of Canada raised their price objective on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. TD Securities reaffirmed a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $89.55.

Cameco Price Performance

Shares of Cameco stock opened at $86.22 on Thursday. The business’s fifty day moving average price is $79.16 and its 200 day moving average price is $65.08. The stock has a market capitalization of $37.54 billion, a P/E ratio of 99.10 and a beta of 0.99. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $89.13. 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 (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 analysts’ consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

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.