NTV Asset Management LLC Trims Holdings in Cameco Corporation $CCJ

NTV Asset Management LLC trimmed its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.9% during the second quarter, Holdings Channel.com reports. The firm owned 78,736 shares of the basic materials company’s stock after selling 695 shares during the period. NTV Asset Management LLC’s holdings in Cameco were worth $5,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Alliancebernstein L.P. lifted its holdings in Cameco by 39.3% in the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock valued at $578,226,000 after purchasing an additional 3,959,837 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Cameco by 215.7% in the 1st quarter. Canada Pension Plan Investment Board now owns 2,031,332 shares of the basic materials company’s stock valued at $83,636,000 after purchasing an additional 1,387,797 shares in the last quarter. Temasek Holdings Private Ltd purchased a new position in Cameco in the 1st quarter valued at about $55,513,000. Nuveen LLC purchased a new position in Cameco in the 1st quarter valued at about $29,290,000. Finally, AGF Management Ltd. lifted its holdings in Cameco by 19.0% in the 1st quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company’s stock valued at $166,206,000 after purchasing an additional 644,413 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Up 0.2%

Shares of NYSE:CCJ opened at $84.33 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $89.13. The company has a 50 day moving average of $78.70 and a two-hundred day moving average of $64.22. The company has a market capitalization of $36.72 billion, a price-to-earnings ratio of 96.93 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $819.79 million. During the same quarter last year, the company earned $0.14 earnings per share. Cameco’s revenue for the quarter was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. As a group, analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CCJ shares. Scotiabank reiterated an “outperform” rating on shares of Cameco in a report on Tuesday, July 8th. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. Royal Bank Of Canada increased their target price on shares of Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Glj Research reissued a “buy” rating and set a $75.27 target price on shares of Cameco in a research report on Thursday, June 12th. Finally, Wall Street Zen raised shares of Cameco from a “hold” rating to a “buy” rating in a research report on Friday. One equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $89.55.

Cameco 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.