Cameco Corporation $CCJ Shares Newly Bought by General American Investors Co. Inc.

General American Investors Co. Inc. bought a new position in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 339,230 shares of the basic materials company’s stock, valued at approximately $29,401,000. Cameco makes up 1.7% of General American Investors Co. Inc.’s investment portfolio, making the stock its 17th biggest position. General American Investors Co. Inc. owned approximately 0.08% of Cameco at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Wellington Management Group LLP bought a new stake in Cameco in the 2nd quarter valued at $212,908,000. Amundi lifted its stake in Cameco by 13.7% in the 2nd quarter. Amundi now owns 2,992,074 shares of the basic materials company’s stock worth $304,773,000 after purchasing an additional 359,375 shares in the last quarter. Temasek Holdings Private Ltd bought a new position in shares of Cameco during the 1st quarter valued at about $70,851,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cameco by 35.2% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock valued at $58,187,000 after purchasing an additional 139,592 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Cameco during the 2nd quarter valued at about $735,498,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 4.4%

NYSE CCJ traded up $3.01 during trading hours on Friday, hitting $71.34. 5,333,852 shares of the company were exchanged, compared to its average volume of 3,651,351. Cameco Corporation has a 52 week low of $66.06 and a 52 week high of $135.24. The company has a quick ratio of 2.10, a current ratio of 2.55 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $87.26 and a 200 day moving average price of $103.15. The stock has a market cap of $31.07 billion, a PE ratio of 108.09, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

Cameco Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of C$0.24 per share. This represents a yield of 22.0%. The ex-dividend date is Monday, November 30th. Cameco’s dividend payout ratio is presently 25.76%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CCJ. Truist Financial reduced their target price on Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Barclays dropped their price target on Cameco from $95.00 to $89.00 and set an “equal weight” rating for the company in a research note on Monday, November 2nd. Jefferies Financial Group started coverage on Cameco in a research note on Thursday, September 3rd. They set a “buy” rating and a $138.00 price target for the company. Zacks Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.38.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Investors bought 152,544 call options on Friday—nearly five times the average daily volume. This suggests increased bullish positioning, though options activity does not guarantee a stock move.
• Positive Sentiment: Zacks Research upgraded Cameco from “strong sell” to “hold,” a modest improvement in analyst sentiment.
• Neutral Sentiment: Management highlighted disciplined uranium pricing, tight nuclear-fuel supplies and Westinghouse growth opportunities on its Q3 earnings call, but also acknowledged higher costs and weaker quarterly earnings. Cameco Q3 Earnings Call Highlights Uranium Pricing Discipline
• Negative Sentiment: Scotiabank cut its FY2026 EPS forecast to $0.64 from $0.85 and FY2027 to $1.29 from $1.44, adding pressure to the earnings outlook.
• Negative Sentiment: Cameco renewed its at-the-market equity program, which gives it the option to sell shares and raise capital but could dilute existing shareholders if used. Cameco Reports Document Filing
• Negative Sentiment: A recent earnings analysis points to a gap between an approximately $89 market uranium price and Cameco’s roughly $66 selling price, a factor that may delay the benefit of stronger spot prices flowing through to results. Cameco Earnings Analysis

Cameco Company Profile