Cameco Corporation $CCJ Shares Sold by Joule Financial LLC

Joule Financial LLC decreased its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,065 shares of the basic materials company’s stock after selling 436 shares during the period. Cameco accounts for 0.6% of Joule Financial LLC’s investment portfolio, making the stock its 24th largest holding. Joule Financial LLC’s holdings in Cameco were worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Alliancebernstein L.P. grew its holdings in shares of Cameco by 39.3% during the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after purchasing an additional 3,959,837 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Cameco by 215.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after purchasing an additional 1,387,797 shares during the period. Temasek Holdings Private Ltd purchased a new position in Cameco during the 1st quarter worth approximately $55,513,000. Nuveen LLC acquired a new position in Cameco during the first quarter worth approximately $29,290,000. Finally, AGF Management Ltd. lifted its stake in Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after buying an additional 644,413 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of CCJ opened at $84.33 on Monday. 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 stock’s 50 day moving average is $78.70 and its two-hundred day moving average is $64.50. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $89.13. The firm has a market capitalization of $36.72 billion, a PE ratio of 96.93 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCJ. Royal Bank Of Canada raised their target price on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. National Bankshares reissued an “outperform” rating on shares of Cameco in a research report on Friday, August 22nd. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research note on Friday, August 29th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, The Goldman Sachs Group raised their price target on Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. One equities 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 company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target 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.