Goehring & Rozencwajg Associates LLC Raises Stock Position in Cameco Corporation $CCJ

Goehring & Rozencwajg Associates LLC increased its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 836,431 shares of the basic materials company’s stock after buying an additional 153,479 shares during the period. Cameco accounts for about 4.9% of Goehring & Rozencwajg Associates LLC’s investment portfolio, making the stock its 7th biggest holding. Goehring & Rozencwajg Associates LLC’s holdings in Cameco were worth $90,845,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CCJ. Sigma Planning Corp raised its position in shares of Cameco by 150.8% during the 1st quarter. Sigma Planning Corp now owns 9,240 shares of the basic materials company’s stock valued at $1,004,000 after acquiring an additional 5,556 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Cameco by 7.3% in the 1st quarter. Maryland State Retirement & Pension System now owns 48,889 shares of the basic materials company’s stock worth $5,307,000 after purchasing an additional 3,346 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Cameco by 118.5% during the first quarter. Hillsdale Investment Management Inc. now owns 145,643 shares of the basic materials company’s stock worth $15,835,000 after purchasing an additional 78,990 shares during the period. Calamos Advisors LLC grew its stake in shares of Cameco by 21.7% during the first quarter. Calamos Advisors LLC now owns 59,794 shares of the basic materials company’s stock worth $6,494,000 after purchasing an additional 10,656 shares during the period. Finally, Legacy Capital Group California Inc. increased its holdings in Cameco by 60.7% in the first quarter. Legacy Capital Group California Inc. now owns 6,854 shares of the basic materials company’s stock valued at $744,000 after purchasing an additional 2,588 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Cameco said Cigar Lake and Orano’s McClean Lake mill have resumed operations after a temporary disruption, which helps reassure investors that uranium production is getting back on track and that 2026 output targets remain intact. Cigar Lake Mine Resumes Production
• Positive Sentiment: Truist Financial upgraded Cameco to strong-buy, signaling improved analyst confidence in the stock’s outlook. Cameco upgraded to strong-buy
• Neutral Sentiment: Coverage from Zacks noted that Cameco resolved the Cigar Lake disruption and that management still expects 2026 production targets to stay on schedule, suggesting the event was operationally manageable. Cameco Resolves Cigar Lake Disruption
• Negative Sentiment: Some recent commentary remains cautious on Cameco’s valuation and compares it unfavorably with other uranium names, which may be contributing to pressure on the shares. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream

Cameco Stock Performance

Shares of Cameco stock opened at $90.96 on Thursday. The stock’s fifty day simple moving average is $105.08 and its 200 day simple moving average is $110.89. The company has a current ratio of 3.08, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $39.61 billion, a PE ratio of 84.22, a PEG ratio of 1.61 and a beta of 1.02. Cameco Corporation has a 12 month low of $68.96 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Cameco Corporation will post 1.2 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on CCJ shares. Royal Bank Of Canada increased their target price on Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Truist Financial initiated coverage on Cameco in a research note on Monday. They issued a “buy” rating and a $129.00 price target for the company. William Blair started coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $135.00 price objective on shares of Cameco in a research note on Monday, June 15th. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.18.

About Cameco

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.