Calamos Wealth Management LLC Reduces Stake in Cameco Corporation $CCJ

Calamos Wealth Management LLC lessened its holdings in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 22.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,961 shares of the basic materials company’s stock after selling 6,745 shares during the period. Calamos Wealth Management LLC’s holdings in Cameco were worth $2,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CCJ. Nisa Investment Advisors LLC purchased a new position in Cameco in the fourth quarter valued at approximately $25,000. Founders Capital Management purchased a new stake in shares of Cameco during the 4th quarter worth approximately $27,000. Strategic Advocates LLC purchased a new stake in shares of Cameco during the 3rd quarter worth approximately $28,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Cameco in the 4th quarter valued at $28,000. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Cameco by 30,700.0% in 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. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 6.1%

CCJ opened at $90.12 on Tuesday. The business has a 50 day moving average price of $106.19 and a two-hundred day moving average price of $110.92. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company has a market cap of $39.25 billion, a PE ratio of 83.44, a P/E/G ratio of 1.69 and a beta of 1.02. Cameco Corporation has a 52 week low of $68.96 and a 52 week high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $607.49 million for the quarter, compared to the consensus estimate of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS. As a group, research analysts anticipate that Cameco Corporation will post 1.2 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating and set a $175.00 price target on shares of Cameco in a research note on Wednesday, May 6th. Truist Financial set a $129.00 price target on shares of Cameco in a research report on Monday. TD Securities downgraded shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Bank of America dropped their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $135.00 target price on shares of Cameco in a research report on Monday, June 15th. Twelve research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $146.52.

Cameco News Roundup

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Some analysts remain constructive on Cameco, with recent coverage calling it a top nuclear-sector pick and citing diversification benefits from Westinghouse and Fuel Services, which could support longer-term earnings growth. Cameco Q2 Preview: Earnings Could Restart The Nuclear Rally
• Positive Sentiment: Recent analyst targets still imply meaningful upside versus the current share price, suggesting Wall Street has not turned broadly negative on the stock. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Neutral Sentiment: Unusual options activity showed elevated put buying, which can indicate hedging or bearish speculation, but it does not confirm a fundamental problem on its own.
• Negative Sentiment: Investors are worried about the temporary suspension at the Cigar Lake mine and possible near-term production disruption, even though Cameco has said full-year guidance was unchanged for now. Cameco Falls as Investors Weigh Mine Disruption and Softer Uranium Sentiment
• Negative Sentiment: Broader weakness in uranium sentiment and a softer spot-price backdrop are pressuring uranium stocks, adding to the selloff in CCJ. Cameco (CCJ) Suffers a Larger Drop Than the General Market: Key Insights
• Negative Sentiment: One recent bearish note argued that the market may be overpaying for the nuclear growth story, reinforcing concerns that valuation is stretched after the stock’s strong run-up. Cameco: Wall Street Is Paying Too Much For A Nuclear Dream

Cameco Company 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.