VestGen Advisors LLC Decreases Stock Holdings in Cameco Corporation $CCJ

VestGen Advisors LLC reduced its holdings in Cameco Corporation by 35.9% in Q2, owning 21,176 shares worth $1,572,000. Other investors like Vanguard and Alliancebernstein increased their positions. Analysts have mixed ratings on Cameco, with a consensus target price of $113.75. Cameco's stock opened at $87.51, with a market cap of $38.10 billion. The company reported lower-than-expected earnings and revenue for Q3. Cameco announced a dividend increase, yielding 27.0%.

VestGen Advisors LLC lessened its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 35.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,176 shares of the basic materials company's stock after selling 11,879 shares during the period. VestGen Advisors LLC's holdings in Cameco were worth $1,572,000 as of its most recent SEC filing.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Cameco by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,565,529 shares of the basic materials company's stock valued at $1,304,504,000 after purchasing an additional 481,171 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Cameco by 39.3% in the first 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 period. Norges Bank purchased a new stake in shares of Cameco in the second quarter worth about $341,736,000. AGF Management Ltd. grew its stake in shares of Cameco by 19.0% in the first quarter. AGF Management Ltd. now owns 4,037,646 shares of the basic materials company's stock valued at $166,206,000 after buying an additional 644,413 shares in the last quarter. Finally, William Blair Investment Management LLC raised its holdings in shares of Cameco by 15.1% during the 2nd quarter. William Blair Investment Management LLC now owns 3,869,291 shares of the basic materials company's stock valued at $287,217,000 after buying an additional 506,667 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CCJ. Royal Bank Of Canada reduced their price target on Cameco from $160.00 to $150.00 and set an "outperform" rating on the stock in a research report on Thursday, November 13th. Wall Street Zen cut shares of Cameco from a "buy" rating to a "hold" rating in a research report on Saturday, November 8th. CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They issued an "outperform" rating and a $102.00 target price for the company. UBS Group began coverage on shares of Cameco in a research note on Monday, November 10th. They set a "neutral" rating and a $140.00 price target on the stock. Finally, President Capital upgraded shares of Cameco from a "neutral" rating to a "buy" rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $113.75.

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Read Our Latest Stock Analysis on CCJ

Cameco Stock Down 1.1%

CCJ stock opened at $87.51 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $88.95 and a 200-day simple moving average of $78.00. The company has a market capitalization of $38.10 billion, a P/E ratio of 100.59 and a beta of 0.98. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $110.15.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The company's revenue was down 14.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Increases Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, December 16th. Investors of record on Monday, December 1st will be paid a $0.24 dividend. This represents a yield of 27.0%. This is a positive change from Cameco's previous annual dividend of $0.12. The ex-dividend date is Monday, December 1st. Cameco's payout ratio is 19.77%.

Cameco Profile

(Free Report)

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.

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