Hillsdale Investment Management Inc. Grows Stock Holdings in Cameco Corporation $CCJ

Hillsdale Investment Management Inc. lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 118.5% during the 1st quarter, HoldingsChannel reports. The firm owned 145,643 shares of the basic materials company’s stock after purchasing an additional 78,990 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Cameco were worth $15,835,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Cameco by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 18,059,335 shares of the basic materials company’s stock valued at $1,653,639,000 after purchasing an additional 258,193 shares during the last quarter. Capital World Investors boosted its stake in Cameco by 0.3% during the fourth quarter. Capital World Investors now owns 13,545,354 shares of the basic materials company’s stock worth $1,240,047,000 after buying an additional 41,430 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cameco by 0.7% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after buying an additional 85,762 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Cameco by 15.6% in the 4th quarter. Van ECK Associates Corp now owns 6,292,995 shares of the basic materials company’s stock worth $575,771,000 after acquiring an additional 849,188 shares during the last quarter. Finally, Morgan Stanley increased its stake in shares of Cameco by 7.0% in the 4th quarter. Morgan Stanley now owns 4,978,333 shares of the basic materials company’s stock worth $455,468,000 after acquiring an additional 323,693 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 have recently weighed in on the stock. Royal Bank Of Canada boosted their price target on shares of Cameco from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 target price on shares of Cameco in a research note on Monday, June 15th. Scotiabank reiterated an “outperform” rating and issued a $175.00 target price on shares of Cameco in a report on Wednesday, May 6th. Finally, Barclays started coverage on shares of Cameco in a research note on Thursday, May 21st. They issued an “equal weight” rating and a $108.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus target price of $146.52.

Cameco Trading Down 6.1%

Shares of CCJ stock opened at $90.12 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The stock has a market capitalization of $39.25 billion, a P/E ratio of 83.44, a price-to-earnings-growth ratio of 1.69 and a beta of 1.02. The company has a 50 day moving average price of $106.19 and a 200 day moving average price of $110.92. Cameco Corporation has a fifty-two week low of $68.96 and a fifty-two week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to analyst estimates of $598.63 million. Cameco had a net margin of 18.38% and a return on equity of 11.05%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. Equities research analysts predict that Cameco Corporation will post 1.2 EPS for the current fiscal year.

Trending Headlines about Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, with one recent note saying Q2 earnings could help restart the nuclear rally and highlighting the company’s diversified earnings base through Westinghouse and fuel services. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Positive Sentiment: Another recent market update noted that Wall Street still has upbeat ratings on CCJ and a median price target well above the current share price, suggesting long-term confidence remains intact.
• Neutral Sentiment: There was unusual options activity, with investors buying more put options than usual, which can signal hedging or rising caution rather than a clear fundamental change.
• Negative Sentiment: Investors are weighing Cameco’s temporary Cigar Lake mine suspension and possible production disruption, even though management has said it does not expect a full-year guidance change unless delays last longer. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Broader weakness in uranium sentiment and a recent stock downgrade-style commentary arguing Wall Street may be overpaying for the “nuclear dream” also added pressure on the shares. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream
• Negative Sentiment: Recent market coverage also said CCJ underperformed the broader market, reinforcing the idea that traders are turning more cautious on the stock in the near term. Cameco (CCJ) Suffers a Larger Drop Than the General Market: Key Insights

About Cameco

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.