Varma Mutual Pension Insurance Co Acquires Shares of 117,800 Cameco Corporation $CCJ

Varma Mutual Pension Insurance Co acquired a new stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 117,800 shares of the basic materials company’s stock, valued at approximately $10,801,000.

A number of other institutional investors have also modified their holdings of the stock. Legacy Bridge LLC raised its stake in shares of Cameco by 0.9% during the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after buying an additional 100 shares during the last quarter. S.A. Mason LLC grew its position in shares of Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 111 shares during the period. GAMMA Investing LLC grew its position in shares of Cameco by 19.9% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares during the period. International Assets Investment Management LLC boosted its position in Cameco by 3.1% during the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 120 shares in the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in Cameco by 2.1% in the fourth quarter. Eagle Global Advisors LLC now owns 6,023 shares of the basic materials company’s stock valued at $551,000 after purchasing an additional 123 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analysts Set New Price Targets

CCJ has been the topic of several research analyst reports. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Glj Research reissued a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a report on Thursday, February 5th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Cameco to $202.00 in a report on Monday, March 9th. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.40.

Cameco Trading Down 3.2%

Shares of Cameco stock opened at $114.44 on Wednesday. The stock has a market cap of $49.84 billion, a P/E ratio of 117.98, a P/E/G ratio of 2.19 and a beta of 1.04. The stock’s 50 day simple moving average is $114.81 and its 200-day simple moving average is $105.52. Cameco Corporation has a 1-year low of $45.42 and a 1-year high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million for the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. Analysts predict that Cameco Corporation will post 1.2 EPS for the current fiscal year.

More Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q1 earnings and revenue beat street estimates — Cameco reported $0.34 EPS vs. a $0.29 consensus and revenue of $607.5M vs. ~$598.6M, showing year-over-year improvement and supporting upside momentum. Cameco (CCJ) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Market narrative: strong uranium fundamentals are amplifying the stock move — coverage and commentary point to tightening supply/demand for uranium and growing long‑term nuclear demand, which investors see as supportive for Cameco’s core business. Cameco (CCJ) Stock Soars on Q1 Earnings Beat Fueled by Strong Uranium Market
• Positive Sentiment: Analyst attention and technical setups: some analysts highlight Cameco’s unique vertical integration (including Westinghouse stake) and notes that shares are testing buy points after the earnings beat, drawing tactical buying interest. Nuclear Stocks CCJ, BWXT Test Buy Points On Earnings; Demand ‘Heating Up’
• Neutral Sentiment: Company statement and investor materials emphasize results are “consistent with annual expectations” and that operations are on track; management left annual guidance unchanged. These reduce surprise risk but don’t materially change the outlook. Cameco Reports First Quarter 2026 Results…
• Neutral Sentiment: Management presentation and the earnings deck provide detail for investors to model segment performance and future volumes — useful for fundamental investors but not an immediate directional catalyst. Cameco Corporation 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: Valuation and guidance nuance could limit near-term upside — Cameco trades at a high P/E versus history/peers, and the company’s FY revenue guidance range sits slightly below consensus at the low end, which could temper further gains if investors focus on valuation or expect stronger beats going forward.

Cameco Company Profile

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.