Cameco Corporation $CCJ Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 18.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,186 shares of the basic materials company’s stock after selling 6,334 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Cameco were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC acquired a new position in Cameco in the 2nd quarter valued at about $34,000. Manchester Capital Management LLC raised its stake in Cameco by 100.0% in 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 last quarter. Dagco Inc. acquired a new position in Cameco in the 1st quarter valued at about $28,000. SVB Wealth LLC acquired a new position in Cameco in the 1st quarter valued at about $29,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Cameco by 1,798.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,215 shares of the basic materials company’s stock valued at $50,000 after buying an additional 1,151 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CCJ. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a report on Monday, September 22nd. National Bankshares restated an “outperform” rating on shares of Cameco in a report on Friday, August 22nd. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a report on Friday, August 29th. Wall Street Zen cut Cameco from a “buy” rating to a “hold” rating in a report on Monday, September 15th. Finally, CLSA began coverage on Cameco in a report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $89.55.

Cameco Stock Performance

Cameco stock opened at $84.15 on Friday. The stock’s 50 day moving average price is $78.61 and its 200 day moving average price is $63.94. The firm has a market capitalization of $36.64 billion, a PE ratio of 96.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco Corporation has a one year low of $35.00 and a one year high of $89.13.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 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 return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue for the quarter was up 46.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.