Stratos Wealth Partners LTD. Raises Position in Cameco Corporation $CCJ

Stratos Wealth Partners LTD. grew its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 8.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 40,782 shares of the basic materials company’s stock after purchasing an additional 3,209 shares during the period. Stratos Wealth Partners LTD.’s holdings in Cameco were worth $3,027,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MetLife Investment Management LLC bought a new stake in Cameco in the first quarter worth $2,131,000. TD Asset Management Inc raised its stake in shares of Cameco by 3.7% in the second quarter. TD Asset Management Inc now owns 2,133,725 shares of the basic materials company’s stock valued at $158,141,000 after acquiring an additional 77,081 shares during the period. Northwest & Ethical Investments L.P. raised its stake in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after acquiring an additional 14,154 shares during the period. Kayne Anderson Capital Advisors LP lifted its holdings in shares of Cameco by 41.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock worth $1,663,000 after acquiring an additional 11,879 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in Cameco by 74.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after purchasing an additional 20,947 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

CCJ has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research report on Friday, October 10th. CLSA initiated coverage on Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 target price on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Tuesday, July 8th. Finally, Wall Street Zen raised Cameco from a “hold” rating to a “buy” rating in a research report on Sunday. One 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. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of $89.55.

Cameco Trading Down 4.8%

Shares of NYSE:CCJ opened at $86.75 on Monday. The business’s 50 day moving average price is $81.21 and its 200-day moving average price is $67.71. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $97.79. The firm has a market capitalization of $37.77 billion, a price-to-earnings ratio of 99.71 and a beta of 0.99. 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 posted its quarterly earnings data 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. The company had revenue of $467.72 million during the quarter, compared to analysts’ expectations of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm’s revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal 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.