Cameco Corporation $CCJ Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC lowered its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 38,821 shares of the basic materials company’s stock after selling 279 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Cameco were worth $2,882,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CCJ. Vanguard Group Inc. boosted its position in shares of Cameco by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company’s stock worth $703,295,000 after acquiring an additional 300,088 shares during the last quarter. Alliancebernstein L.P. boosted its position in Cameco by 39.3% in the 1st 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 last quarter. AGF Management Ltd. increased its holdings in Cameco by 19.0% during the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock worth $166,206,000 after purchasing an additional 644,413 shares during the last quarter. Ameriprise Financial Inc. raised its holdings 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 acquiring an additional 521,492 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec raised its stake in shares of Cameco by 10.2% in the 1st 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 purchasing an additional 228,148 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCJ shares. The Goldman Sachs Group boosted their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Royal Bank Of Canada lifted their price target on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Finally, National Bankshares reissued an “outperform” rating on shares of Cameco in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of $89.55.

Cameco Price Performance

NYSE:CCJ opened at $85.39 on Tuesday. The company has a fifty day moving average price of $78.83 and a 200 day moving average price of $64.78. The stock has a market cap of $37.18 billion, a P/E ratio of 98.15 and a beta of 0.99. Cameco Corporation has a one year low of $35.00 and a one year high of $89.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $819.79 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. Analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current year.

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.