Cameco Corporation $CCJ Shares Newly Bought by General American Investors Co. Inc.

General American Investors Co. Inc. bought a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the third quarter, HoldingsChannel.com reports. The fund bought 339,230 shares of the basic materials company’s stock, valued at approximately $29,401,000. Cameco makes up about 1.7% of General American Investors Co. Inc.’s holdings, making the stock its 17th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC grew its position in Cameco by 15.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 198,107 shares of the basic materials company’s stock valued at $17,170,000 after acquiring an additional 27,013 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new stake in Cameco in the third quarter worth $849,000. Greenfield Seitz Capital Management LLC bought a new stake in shares of Cameco during the third quarter worth $439,000. Signature Equity Partners LLC lifted its position in shares of Cameco by 55.8% during the third quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Cameco by 1.8% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 108,698 shares of the basic materials company’s stock worth $9,446,000 after purchasing an additional 1,925 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on CCJ shares. Citigroup reaffirmed a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Jefferies Financial Group started coverage on shares of Cameco in a research report on Thursday, September 3rd. They set a “buy” rating and a $138.00 target price on the stock. Barclays decreased their price target on shares of Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Finally, Truist Financial decreased their price target on shares of Cameco from $130.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.38.

Cameco Stock Up 4.4%

Shares of CCJ stock traded up $3.01 during mid-day trading on Friday, hitting $71.34. 5,333,852 shares of the stock traded hands, compared to its average volume of 3,651,351. The stock has a market cap of $31.07 billion, a P/E ratio of 108.09, a P/E/G ratio of 1.56 and a beta of 1.18. The stock’s fifty day moving average is $87.26 and its two-hundred day moving average is $103.15. Cameco Corporation has a 52-week low of $66.06 and a 52-week high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.55 and a quick ratio of 2.10.

Cameco Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of C$0.24 per share. This represents a dividend yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s payout ratio is 25.76%.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
• Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
• Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
• Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
• Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis

Cameco Company Profile