Patriot Financial Group Insurance Agency LLC Sells 2,824 Shares of Cameco Corporation $CCJ

Patriot Financial Group Insurance Agency LLC decreased its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 41.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,070 shares of the basic materials company’s stock after selling 2,824 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Cameco were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Manchester Capital Management LLC lifted its position in Cameco by 100.0% during the first 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 period. Dagco Inc. bought a new position in Cameco in the first quarter worth approximately $28,000. SVB Wealth LLC bought a new position in Cameco in the first quarter worth approximately $29,000. Trust Co. of Vermont raised its position in Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 350 shares during the period. Finally, Atticus Wealth Management LLC bought a new position in Cameco in the second quarter worth approximately $34,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent research reports. UBS Group set a $102.00 price target on shares of Cameco in a research report on Tuesday, September 9th. BMO Capital Markets reiterated an “outperform” rating on shares of Cameco in a research report on Friday, August 29th. The Goldman Sachs Group increased their price target on shares of Cameco from $65.00 to $78.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research report on Saturday, September 27th. Finally, Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $89.55.

Cameco Stock Performance

Shares of NYSE CCJ opened at $84.33 on Friday. The firm has a fifty day moving average price of $78.70 and a 200-day moving average price of $64.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. The stock has a market cap of $36.72 billion, a PE ratio of 96.93 and a beta of 0.99. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $89.13.

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

Cameco Company 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.