Cameco Corporation $CCJ Stock: Alps Advisors Inc. Increases Stake

Alps Advisors Inc. grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 32.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,701,559 shares of the basic materials company’s stock after buying an additional 1,154,270 shares during the period. Cameco accounts for 1.8% of Alps Advisors Inc.’s holdings, making the stock its 10th biggest position. Alps Advisors Inc.’s holdings in Cameco were worth $407,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Wellington Management Group LLP bought a new position in Cameco in the 2nd quarter worth approximately $212,908,000. Amundi lifted its stake in shares of Cameco by 13.7% in the 2nd quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock valued at $304,773,000 after acquiring an additional 359,375 shares during the last quarter. Temasek Holdings Private Ltd purchased a new stake in shares of Cameco in the first quarter worth approximately $70,851,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in Cameco by 35.2% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock valued at $58,187,000 after buying an additional 139,592 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Cameco during the second quarter valued at approximately $735,498,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
• Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
• Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
• Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
• Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis

Analyst Ratings Changes

CCJ has been the subject of several research analyst reports. Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Barclays reduced their price target on Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Monday, November 2nd. Jefferies Financial Group assumed coverage on shares of Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Truist Financial cut their price target on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Finally, Citigroup reiterated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and a consensus target price of $147.38.

Cameco Stock Up 4.4%

Cameco stock opened at $71.34 on Friday. The firm has a market capitalization of $31.07 billion, a price-to-earnings ratio of 108.09, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 2.55. The stock’s fifty day moving average is $87.26 and its two-hundred day moving average is $103.15. Cameco Corporation has a fifty-two week low of $66.06 and a fifty-two week high of $135.24.

Cameco Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of C$0.24 per share. This represents a dividend yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s payout ratio is 25.76%.

Cameco Company Profile