IFP Advisors Inc Has $549,000 Stake in Cameco Corporation $CCJ

IFP Advisors Inc raised its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,394 shares of the basic materials company’s stock after buying an additional 1,273 shares during the quarter. IFP Advisors Inc’s holdings in Cameco were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock valued at $703,295,000 after buying an additional 300,088 shares during the period. Alliancebernstein L.P. lifted its stake in Cameco by 39.3% in the first quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after buying an additional 3,959,837 shares during the period. 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 period. Ameriprise Financial Inc. lifted its stake in Cameco by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 3,048,732 shares of the basic materials company’s stock valued at $125,533,000 after buying an additional 521,492 shares during the period. Finally, Federation des caisses Desjardins du Quebec lifted its stake in Cameco by 10.2% in the first 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 buying an additional 228,148 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 1.1%

NYSE:CCJ opened at $93.12 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. The company has a market cap of $40.54 billion, a PE ratio of 107.03 and a beta of 0.99. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $95.98. The stock has a 50-day simple moving average of $80.38 and a 200 day simple moving average of $66.51.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 firm had revenue of $467.72 million during the quarter, compared to analysts’ expectations of $819.79 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The business’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of several recent analyst reports. CLSA initiated coverage on Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. UBS Group set a $102.00 price target on Cameco in a report on Tuesday, September 9th. Finally, Wall Street Zen downgraded Cameco from a “buy” rating to a “hold” rating in a report on Saturday. One 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 data from MarketBeat, Cameco has an average rating of “Buy” and an average price target of $89.55.

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.