Keybank National Association OH Decreases Stock Holdings in Cameco Corporation $CCJ

Keybank National Association OH lowered its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,446,645 shares of the basic materials company’s stock after selling 465,812 shares during the period. Cameco makes up approximately 1.8% of Keybank National Association OH’s holdings, making the stock its 12th biggest position. Keybank National Association OH’s holdings in Cameco were worth $482,950,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CCJ. Sterling Capital Management LLC bought a new stake in shares of Cameco in the first quarter worth approximately $30,000. Nisa Investment Advisors LLC bought a new position in Cameco during the fourth quarter valued at approximately $25,000. Brown Lisle Cummings Inc. boosted its holdings in Cameco by 3,200.0% in the first quarter. Brown Lisle Cummings Inc. now owns 297 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 288 shares during the last quarter. Founders Capital Management purchased a new stake in Cameco in the fourth quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Cameco in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 1.1%

Cameco stock opened at $96.36 on Friday. The firm has a 50 day moving average of $109.86 and a 200 day moving average of $110.63. The firm has a market capitalization of $41.97 billion, a price-to-earnings ratio of 89.22, a P/E/G ratio of 1.78 and a beta of 1.02. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.16 earnings per share. As a group, research analysts predict that Cameco Corporation will post 1.21 earnings per share for the current year.

Trending Headlines about Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Cameco closed its acquisition of TEPCO Resources’ 5% interest in the Cigar Lake Joint Venture, lifting its ownership in the high-grade uranium mine to 57.418%. The larger stake could strengthen Cameco’s long-term control over production and cash flow from one of its most important assets. Cameco Closes Deal to Increase Ownership in Cigar Lake Mine
• Positive Sentiment: RBC Capital raised its price target on Cameco to C$175 from C$160 and kept an Outperform rating, citing improving uranium fundamentals. That signals continued analyst confidence in the stock’s medium-term outlook. RBC Capital Increased its Price Target on Cameco Corporation (CCJ)
• Neutral Sentiment: Investor-letter coverage highlighted Cameco as a uranium supplier held by TimesSquare Capital’s mid-cap growth strategy, which may support interest in the stock but does not represent a direct company catalyst. TimesSquare Mid Cap Growth Strategy Bets on Cameco Corp. (CCJ), a Uranium Supplier
• Negative Sentiment: Cameco temporarily suspended operations at its Cigar Lake mine after problems at Orano’s McClean Lake mill disrupted ore processing. That creates a near-term production headwind and is likely the most important reason the stock is trading lower today. Cigar Lake Operation Update

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays began coverage on shares of Cameco in a research note on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price for the company. Royal Bank Of Canada raised their price target on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday. Weiss Ratings lowered Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. William Blair began coverage on Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Finally, Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a report on Monday, March 9th. Eleven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.92.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.