Cameco Corporation

New York Stock Exchange
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Somewhat Bullish +35

Calamos Advisors LLC Raises Position in Cameco Corporation $CCJ

📈 Calamos Advisors increased its CCJ holdings by 21.7% in Q1 to own 59,794 shares valued at $6.494 million.

🏦 Multiple hedge funds including Nisa Investment and Founders Capital established new stakes in Cameco during the fourth quarter.

📉 Caitong International Asset Management lifted its position by 30,700% to own 308 shares valued at $28,000.

📊 Institutional ownership of CCJ stands at 70.21% as of the latest filing data.

💰 Scotiabank reiterated an 'outperform' rating with a $175 price objective for Cameco shares.

⚠️ TD Securities downgraded Cameco from 'strong-buy' to 'hold' in a March 26th research note.

🎯 Sanford C. Bernstein reaffirmed an 'outperform' rating with a $135 price target on June 15th.

📉 The stock currently trades at $91.68, below its 50-day moving average of $105.73 and 200-day average of $110.91.

💵 Cameco has a market cap of $39.93 billion with a P/E ratio of 84.89 and a beta of 1.02.

🛡️ The company maintains strong liquidity with a quick ratio of 2.09 and current ratio of 3.08.

⚖️ Debt-to-equity is low at 0.14 indicating minimal leverage for the uranium producer.

📝 Thirteen analysts rate CCJ as Buy while five analysts have issued Hold ratings.

Bullish Signals
  • Calamos Advisors significantly increased its stake by 21.7% in Q1, signaling institutional confidence in the company's fundamentals.
  • Scotiabank maintains an 'outperform' rating with a high $175 price objective, suggesting potential upside from current levels.
  • Sanford C. Bernstein reaffirmed an 'outperform' rating with a $135 target, supporting bullish analyst sentiment.
  • Cameco possesses strong balance sheet metrics including a quick ratio of 2.09 and current ratio of 3.08.
  • The company has minimal debt exposure with a debt-to-equity ratio of only 0.14.
Risk Factors
  • TD Securities downgraded the stock from 'strong-buy' to 'hold', indicating some analysts see limited near-term upside.
  • Weiss Ratings cut the rating from 'hold (c+)' to 'hold (c)', reflecting a slight reduction in credit or quality outlook.
  • The stock is currently trading below its 50-day and 200-day moving averages, suggesting recent underperformance relative to technical trends.
Full Analysis
Calamos Advisors LLC increased its position in Cameco Corporation (CCJ) by 21.7% during the first quarter, acquiring an additional 10,656 shares to hold a total of 59,794 shares valued at $6.494 million according to recent SEC filings. Several other institutional investors have also adjusted their stakes in Cameco recently, including new positions from Nisa Investment Advisors, Founders Capital Management, and McGuire Capital Advisors, while Caitong International Asset Management significantly lifted its position by 30,700%. Analyst sentiment remains mixed with Scotiabank and Sanford C. Bernstein maintaining 'outperform' ratings with price targets of $175 and $135 respectively, though TD Securities downgraded the stock to a 'hold'. The consensus rating is currently a 'Moderate Buy' with an average price target of $146.52. Cameco operates as a leading uranium producer headquartered in Canada with operations in both Canada and the United States. Financial metrics show a market capitalization of $39.93 billion, a P/E ratio of 84.89, and strong liquidity ratios, though the stock is currently trading below its 50-day and 200-day moving averages.