TD Private Client Wealth LLC Trims Stock Holdings in Cameco Corporation $CCJ

TD Private Client Wealth LLC reduced its position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 43.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,462 shares of the basic materials company’s stock after selling 1,139 shares during the quarter. TD Private Client Wealth LLC’s holdings in Cameco were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. grew its stake in Cameco by 39.3% during the 1st quarter. Alliancebernstein L.P. now owns 14,048,244 shares of the basic materials company’s stock worth $578,226,000 after buying an additional 3,959,837 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of 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 buying an additional 1,387,797 shares during the period. Temasek Holdings Private Ltd acquired a new position in shares of Cameco in the 1st quarter valued at about $55,513,000. Nuveen LLC acquired a new position in shares of Cameco in the 1st quarter valued at about $29,290,000. Finally, AGF Management Ltd. increased its stake in shares of 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 Performance

NYSE:CCJ opened at $84.48 on Tuesday. The firm has a market capitalization of $36.78 billion, a PE ratio of 97.10 and a beta of 1.04. The business’s fifty day moving average price is $78.32 and its 200 day moving average price is $63.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $89.13.

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, topping the consensus estimate of $0.29 by $0.22. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company had revenue of $467.72 million for the quarter, compared to analyst estimates of $819.79 million. During the same quarter last year, the company posted $0.14 earnings per share. The business’s quarterly revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCJ. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research note on Tuesday, September 2nd. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Tuesday, July 8th. 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 report on Friday, August 1st. TD Securities reiterated a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, National Bankshares reiterated an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus 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.