Calamos Wealth Management LLC Lowers Position in Cameco Corporation $CCJ

Calamos Wealth Management LLC trimmed its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.7% during the first quarter, HoldingsChannel reports. The fund owned 22,961 shares of the basic materials company’s stock after selling 6,745 shares during the quarter. Calamos Wealth Management LLC’s holdings in Cameco were worth $2,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Bison Wealth LLC increased its position in Cameco by 16.1% during the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Cameco by 16.6% in the 1st quarter. AQR Capital Management LLC now owns 9,547 shares of the basic materials company’s stock valued at $393,000 after buying an additional 1,361 shares during the period. Integrated Wealth Concepts LLC raised its position in Cameco by 48.7% in the first quarter. Integrated Wealth Concepts LLC now owns 8,485 shares of the basic materials company’s stock worth $349,000 after acquiring an additional 2,780 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cameco by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 604,841 shares of the basic materials company’s stock worth $24,895,000 after acquiring an additional 64,512 shares in the last quarter. Finally, NewGen Equity Long Short Fund acquired a new stake in Cameco in the second quarter valued at $14,252,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of several research analyst reports. Barclays started coverage on shares of Cameco in a research report on Thursday, May 21st. They set an “equal weight” rating and a $108.00 target price on the stock. William Blair began coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Royal Bank Of Canada raised their price objective on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Scotiabank reissued an “outperform” rating and set a $175.00 price objective on shares of Cameco in a report on Wednesday, May 6th. Finally, Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. Twelve equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.52.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, with recent coverage calling it a top nuclear-sector pick and citing diversification benefits from Westinghouse and Fuel Services, which could support longer-term earnings growth. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Positive Sentiment: Recent analyst targets still imply meaningful upside versus the current share price, suggesting Wall Street has not turned broadly negative on the stock. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Neutral Sentiment: Unusual options activity showed elevated put buying, which can indicate hedging or bearish speculation, but it does not confirm a fundamental problem on its own.
• Negative Sentiment: Investors are worried about the temporary suspension at the Cigar Lake mine and possible near-term production disruption, even though Cameco has said full-year guidance was unchanged for now. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Broader weakness in uranium sentiment and a softer spot-price backdrop are pressuring uranium stocks, adding to the selloff in CCJ. Cameco (CCJ) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: One recent bearish note argued that the market may be overpaying for the nuclear growth story, reinforcing concerns that valuation is stretched after the stock’s strong run-up. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream

Cameco Stock Performance

NYSE CCJ opened at $90.12 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24. The business has a fifty day moving average of $106.19 and a 200-day moving average of $110.92. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 83.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. As a group, analysts predict that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Cameco 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.