Cameco Corporation $CCJ Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 5.0% during the second quarter, Holdings Channel reports. The firm owned 87,099 shares of the basic materials company’s stock after acquiring an additional 4,160 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Cameco were worth $6,465,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CCJ. Manchester Capital Management LLC boosted its position in Cameco by 100.0% during the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Dagco Inc. bought a new stake in Cameco in the first quarter valued at $28,000. SVB Wealth LLC bought a new stake in Cameco in the first quarter valued at $29,000. Trust Co. of Vermont boosted its holdings in shares of Cameco by 1,029.4% during the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the period. Finally, Hilltop National Bank bought a new position in shares of Cameco during the second quarter worth about $30,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $92.09 on Tuesday. The company has a 50-day moving average of $80.01 and a 200-day moving average of $66.32. The firm has a market cap of $40.09 billion, a price-to-earnings ratio of 105.85 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 twelve month low of $35.00 and a twelve month high of $94.36.

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

Analyst Ratings Changes

Several analysts recently weighed in on CCJ shares. UBS Group set a $102.00 price objective on shares of Cameco in a research report on Tuesday, September 9th. President Capital raised Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen lowered Cameco from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $89.55.

About Cameco

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.