Patten & Patten Inc. TN Has $960,000 Holdings in Cameco Corporation $CCJ

Patten & Patten Inc. TN cut its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,930 shares of the basic materials company’s stock after selling 1,040 shares during the quarter. Patten & Patten Inc. TN’s holdings in Cameco were worth $960,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CCJ. Hager Investment Management Services LLC grew its holdings in Cameco by 0.4% in the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after purchasing an additional 127 shares during the period. Signaturefd LLC lifted its stake in shares of Cameco by 2.4% in the second quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock valued at $603,000 after buying an additional 191 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Cameco by 1.0% in the second quarter. Belpointe Asset Management LLC now owns 21,858 shares of the basic materials company’s stock valued at $1,623,000 after buying an additional 206 shares in the last quarter. Country Club Bank lifted its stake in shares of Cameco by 0.5% in the first quarter. Country Club Bank now owns 43,553 shares of the basic materials company’s stock valued at $1,822,000 after buying an additional 224 shares in the last quarter. Finally, Sunpointe LLC lifted its stake in shares of Cameco by 1.8% in the first quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company’s stock valued at $670,000 after buying an additional 288 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCJ. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a research note on Friday, October 10th. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Royal Bank Of Canada raised their price objective on shares of Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, CLSA began coverage on shares of Cameco in a research report on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and an average price target of $89.55.

Cameco Stock Down 2.5%

CCJ opened at $91.14 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The company’s 50-day moving average is $81.01 and its 200 day moving average is $67.04. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $97.79. The firm has a market capitalization of $39.68 billion, a P/E ratio of 104.76 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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 net margin of 14.97% and a return on equity of 8.21%. The company had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same period last year, the firm earned $0.14 earnings per share. The firm’s revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts expect that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Company 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.