TrueWealth Advisors LLC Raises Stock Holdings in Cameco Corporation $CCJ

TrueWealth Advisors LLC boosted its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,693 shares of the basic materials company’s stock after buying an additional 463 shares during the period. TrueWealth Advisors LLC’s holdings in Cameco were worth $794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCJ. Manchester Capital Management LLC raised its holdings in Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after buying an additional 300 shares during the period. Dagco Inc. purchased a new stake in Cameco in the 1st quarter valued at about $28,000. SVB Wealth LLC purchased a new stake in Cameco during the first quarter worth about $29,000. Copia Wealth Management purchased a new stake in Cameco during the fourth quarter worth about $39,000. Finally, Ameriflex Group Inc. purchased a new stake in Cameco during the fourth quarter worth about $40,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 2.3%

CCJ stock opened at $78.07 on Friday. The company’s 50 day moving average price is $76.21 and its 200 day moving average price is $60.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $83.02. The firm has a market capitalization of $33.99 billion, a price-to-earnings ratio of 89.74 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same period in the prior year, the firm earned $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, equities research analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CCJ. Wall Street Zen upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research note on Sunday, September 7th. TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. The Goldman Sachs Group boosted their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an “outperform” rating in a research note on Tuesday, June 10th. Finally, Glj Research reiterated a “buy” rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $89.55.

Cameco 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.