PDS Planning Inc Has $516,000 Stock Holdings in Cameco Corporation $CCJ

PDS Planning Inc boosted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,948 shares of the basic materials company’s stock after purchasing an additional 574 shares during the period. PDS Planning Inc’s holdings in Cameco were worth $516,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MetLife Investment Management LLC acquired a new position in Cameco during the first quarter valued at approximately $2,131,000. Northwest & Ethical Investments L.P. raised its stake in Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after buying an additional 14,154 shares during the period. Kayne Anderson Capital Advisors LP raised its stake in Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock valued at $1,663,000 after buying an additional 11,879 shares during the period. Edmond DE Rothschild Holding S.A. raised its stake in Cameco by 74.7% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock valued at $2,017,000 after buying an additional 20,947 shares during the period. Finally, Nicholson Meyer Capital Management Inc. bought a new stake in Cameco in the first quarter valued at approximately $350,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of NYSE CCJ opened at $86.61 on Friday. The firm has a market cap of $37.71 billion, a P/E ratio of 99.55 and a beta of 0.99. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $91.58. The business’s 50 day moving average is $79.67 and its 200-day moving average is $65.81.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research note on Friday. Royal Bank Of Canada upped their price objective on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. CLSA assumed coverage on Cameco in a research note on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price objective on the stock. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, TD Securities restated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and a consensus price target of $89.55.

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.