Calamos Advisors LLC Raises Position in Cameco Corporation $CCJ

Calamos Advisors LLC grew its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 21.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,794 shares of the basic materials company’s stock after acquiring an additional 10,656 shares during the period. Calamos Advisors LLC’s holdings in Cameco were worth $6,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC bought a new stake in Cameco during the fourth quarter valued at about $25,000. Founders Capital Management bought a new position in shares of Cameco in the fourth quarter worth about $27,000. Strategic Advocates LLC bought a new position in shares of Cameco in the third quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after buying an additional 307 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Cameco during the 4th quarter valued at about $28,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of Cameco stock opened at $91.68 on Wednesday. The stock’s 50-day simple moving average is $105.73 and its 200-day simple moving average is $110.91. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24. The company has a market capitalization of $39.93 billion, a price-to-earnings ratio of 84.89, a PEG ratio of 1.59 and a beta of 1.02. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $607.49 million during the quarter, compared to analyst estimates of $598.63 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, analysts expect that Cameco Corporation will post 1.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent research reports. Scotiabank reiterated an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research note on Wednesday, May 6th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $135.00 price target on shares of Cameco in a report on Monday, June 15th. William Blair assumed coverage on shares of Cameco in a research report on Monday, April 20th. They issued an “outperform” rating for the company. Finally, Weiss Ratings cut shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Thirteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $146.52.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, pointing to strong uranium production, diversification from Westinghouse and Fuel Services, and a high price target that implies meaningful upside. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Neutral Sentiment: Coverage comparing Cameco with Energy Fuels argued that CCJ is a weaker uranium opportunity today, though the view was based more on relative fundamentals than a fresh company-specific event. UUUU vs. CCJ: Which Uranium Stock Offers the Better Opportunity Today?
• Neutral Sentiment: A Seeking Alpha article also argued that Wall Street may be paying too much for Cameco’s long-term nuclear growth story, adding to the debate around valuation rather than changing the underlying business outlook. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream
• Negative Sentiment: Investor concern increased after Cameco’s temporary Cigar Lake mining suspension, which raised questions about near-term production reliability and helped push the stock lower. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Unusual trading in CCJ put options suggests traders were positioning for more downside, reinforcing the cautious tone around the stock.

Cameco Profile

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.