US Bancorp DE Trims Stock Holdings in Cameco Corporation $CCJ

US Bancorp DE trimmed its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,107 shares of the basic materials company’s stock after selling 2,140 shares during the period. US Bancorp DE’s holdings in Cameco were worth $2,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CCJ. Manchester Capital Management LLC grew 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 buying an additional 300 shares in the last quarter. Dagco Inc. purchased a new position in Cameco in the 1st quarter valued at approximately $28,000. SVB Wealth LLC purchased a new position in shares of Cameco during the 1st quarter valued at $29,000. Trust Co. of Vermont grew its position in shares of Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 350 shares in the last quarter. Finally, Hilltop National Bank purchased a new position in shares of Cameco during the 2nd quarter valued at $30,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $93.49 on Thursday. The company has a market cap of $40.70 billion, a price-to-earnings ratio of 107.46 and a beta of 0.99. The company has a 50-day moving average price of $80.72 and a 200-day moving average price of $66.70. 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 12 month low of $35.00 and a 12 month high of $97.79.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.29 by $0.22. The firm had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company’s quarterly revenue was up 46.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCJ shares. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. BMO Capital Markets restated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Tuesday, July 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cameco in a research report on Wednesday, October 8th. 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 stock. Based on data from MarketBeat, the company presently has a consensus 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.