Farther Finance Advisors LLC lowered its stake in Cameco Corporation (NYSE:CCJ – Free Report) (TSE:CCO) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,861 shares of the basic materials company’s stock after selling 5,044 shares during the quarter. Farther Finance Advisors LLC’s holdings in Cameco were worth $1,177,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of CCJ. Financial Consulate Inc. acquired a new stake in shares of Cameco in the third quarter valued at about $25,000. Nisa Investment Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Founders Capital Management bought a new position in Cameco during the fourth quarter worth about $27,000. Strategic Advocates LLC bought a new position in Cameco during the third quarter worth about $28,000. Finally, Sunbelt Securities Inc. grew its holdings in Cameco by 928.6% during the third quarter. Sunbelt Securities Inc. now owns 360 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.
Cameco Trading Down 5.7%
Shares of NYSE:CCJ opened at $116.54 on Wednesday. Cameco Corporation has a 12-month low of $39.89 and a 12-month high of $135.24. The stock has a market cap of $50.76 billion, a PE ratio of 120.15 and a beta of 1.02. The business has a 50 day moving average of $114.17 and a 200-day moving average of $103.74. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CCJ. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. Canadian Imperial Bank of Commerce lifted their price target on Cameco to $202.00 in a report on Monday, March 9th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, February 23rd. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.40.
View Our Latest Stock Report on CCJ
More Cameco News
Here are the key news stories impacting Cameco this week:
- Positive Sentiment: William Blair initiated coverage with an Outperform rating and a $165 fair‑value estimate, a material bullish endorsement that supports longer‑term upside for CCJ. William Blair Initiates Coverage
- Positive Sentiment: Analyst and investor commentary (Seeking Alpha) recommends buying Cameco on dips under ~$120, reinforcing support from income/stability narratives in the nuclear/uranium theme. Buy on Dip Thesis
- Neutral Sentiment: Comparative coverage with peers (Energy Fuels / UUUU) highlights a tradeoff: Cameco offers scale and stability while some rivals offer faster growth and REE exposure — useful context for investors rebalancing within the uranium complex. CCJ vs UUUU Comparison
- Negative Sentiment: Scotiabank trimmed its FY2027 EPS estimate for Cameco marginally (from $1.48 to $1.47), and consensus full‑year estimates remain above that level — a modest negative signal for near‑term earnings expectations. MarketBeat Coverage
- Negative Sentiment: Market‑coverage pieces reported that CCJ posted a larger intraday decline than the broader market, reflecting short‑term profit taking or rotation away from cyclicals despite the bullish initiation. Zacks: Larger Drop Report
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.
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