Belpointe Asset Management LLC Has $1.62 Million Position in Cameco Corporation $CCJ

Belpointe Asset Management LLC grew its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,858 shares of the basic materials company’s stock after buying an additional 206 shares during the quarter. Belpointe Asset Management LLC’s holdings in Cameco were worth $1,623,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. MetLife Investment Management LLC acquired a new stake in Cameco in the 1st quarter valued at about $2,131,000. Northwest & Ethical Investments L.P. increased its holdings in shares of Cameco by 50.0% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after purchasing an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its holdings in shares of Cameco by 41.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock valued at $1,663,000 after purchasing an additional 11,879 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in Cameco by 74.7% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock worth $2,017,000 after purchasing an additional 20,947 shares during the last quarter. Finally, Nicholson Meyer Capital Management Inc. acquired a new position in Cameco during the 1st quarter worth $350,000. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Cameco stock opened at $85.39 on Tuesday. The firm has a market capitalization of $37.18 billion, a P/E ratio of 98.15 and a beta of 0.99. The business has a 50-day moving average of $78.83 and a 200-day moving average of $64.78. 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 1 year low of $35.00 and a 1 year high of $89.13.

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

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent research reports. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Tuesday, September 2nd. UBS Group set a $102.00 price objective on Cameco in a report on Tuesday, September 9th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. TD Securities reiterated a “buy” rating on shares of Cameco in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Cameco from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $89.55.

About Cameco

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.