Canada Life Assurance Adds $8M in Cameco Corporation ($CCJ)

Canada Life Assurance has increased its stake in Cameco Corporation (NYSE:CCJ) by 72,576 shares, according to its latest 13F filing with the SEC. This move boosts its total holdings to 535,453 shares, representing a 15.7% increase. The value of this position is approximately $57.3 million, based on the filing for the period ending March 31, 2026.

What Changed in Canada Life Assurance's Cameco Position

Canada Life Assurance added 72,576 shares to its Cameco holdings, resulting in a new total of 535,453 shares. This represents a 15.7% increase from its previous position of 462,877 shares. The value of the new position is about $57.3 million.

Other Institutional Activity in Cameco

Several other institutional investors also made changes to their Cameco holdings. Mirae Asset Global ETFs Holdings Ltd. grew its position by 843,250 shares, ending with 15,373,206 shares valued at approximately $1.67 billion. On the other hand, Capital World Investors reduced its stake by 282,437 shares to 13,262,917 shares worth about $1.44 billion. Vanguard Capital Management LLC maintained its holdings with 11,861,339 shares valued at $1.29 billion. Royal Bank of Canada increased its position by 429,737 shares to 9,598,933 shares, valued at $1.04 billion. Meanwhile, FMR LLC cut its stake by 5,861,426 shares, holding 9,239,264 shares worth around $1.00 billion.

Cameco Corporation Stock Snapshot

Shares of Cameco Corporation (NYSE:CCJ) are trading near $107.02. The company has a market cap of $46.6 billion, with a P/E ratio of 101 and a forward P/E of 56.1. Cameco's stock has a 52-week low of $67.60 and a high of $135.24. Its 50-day moving average is $113.44, and the 200-day moving average is $102.53. The company has a current ratio of 3.08 and a quick ratio of 1.84, with a debt-to-equity ratio of 14.31.

Recent Earnings

Cameco reported revenues of approximately $3.54 billion, reflecting a growth rate of 7.1%. The company's net margin stands at 18.4%, with a return on equity of 9.6%. Earnings per share are reported at $1.06. The next earnings report is scheduled for July 31, 2026.

Dividend

Cameco pays an annual dividend of $0.17, yielding 0.16% with a payout ratio of 16.1%. The ex-dividend date was not provided.

Insider Buying and Selling at Cameco Corporation

Several insider transactions have been reported at Cameco. On January 7, 2026, Timothy Gitzel sold 25,000 shares at an average price of $103.94. Earlier, on January 5, 2026, Ronald Liam Mooney and Lisa Lorene Aitken each sold 4,000 and 1,000 shares, respectively, at $100.17. Timothy Gitzel also sold 50,000 shares on January 2, 2026, at $98.56, and another 50,000 shares on December 19, 2025, at $89.99. Heidi Shockey sold 19,460 shares on September 15, 2025, at $86.33.

Analysts Set New Price Targets

On May 22, 2026, Barclays initiated coverage of Cameco with a 'hold' rating and a price target of $108. GLJ Research reiterated its 'buy' rating with a target of $171.20 on February 18, 2026. RBC Capital maintained its 'buy' rating, setting a target of $160 on February 17, 2026. The consensus among analysts is a 'buy' rating, with a mean target price of $133.50 based on 10 analyst opinions.

About Cameco Corporation

Cameco Corporation, headquartered in Saskatoon, Canada, is a major player in the uranium industry, providing fuel for electricity generation globally. The company operates through its Uranium, Fuel Services, and Westinghouse segments. The Uranium segment focuses on mining and selling uranium concentrate, while the Fuel Services segment handles refining and conversion. The Westinghouse segment supplies nuclear reactor technology and services. Led by CEO Timothy S. Gitzel, Cameco was founded in 1987.

Bottom Line

Canada Life Assurance's decision to boost its stake in Cameco Corporation suggests a positive outlook on the uranium market. The 13F filing reflects holdings as of March 31, 2026, and may not represent the firm's current position. Investors often track such filings to gauge institutional sentiment and market trends.