FMR LLC Discloses 7.173% Passive Stake in Cameco Corp
Ticker: CCJ · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1009001
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, uranium-producer
TL;DR
**FMR LLC just revealed a 7.173% passive stake in Cameco, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Cameco Corp (CCJ), a uranium producer. As of February 9, 2024, FMR LLC beneficially owns 31,121,208 shares, representing 7.173% of Cameco's common stock. This filing indicates a substantial, but passive, investment by a prominent institutional investor, suggesting confidence in Cameco's long-term prospects without seeking control.
Why It Matters
This matters to investors because a large, reputable institutional investor like FMR LLC taking a significant stake can signal a vote of confidence in Cameco's future, potentially attracting other investors.
Risk Assessment
Risk Level: low — This filing is a passive investment disclosure, indicating no immediate intent to influence company operations, thus posing low risk to current shareholders.
Analyst Insight
A smart investor would view this as a positive signal of institutional confidence in Cameco's long-term value, potentially validating a buy or hold decision, but should still conduct their own due diligence.
Key Numbers
- 31,121,208 — Shares Beneficially Owned (Total common stock shares of Cameco Corp owned by FMR LLC and Abigail P. Johnson.)
- 7.173% — Percent of Class (The percentage of Cameco Corp's common stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- CAMECO CORP (company) — issuer of the securities
- 31,121,208 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 7.173% (dollar_amount) — percentage of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain its passive stake in Cameco Corp, not seeking to influence management decisions. (FMR LLC) — high confidence, target: Next 12-24 months
- Cameco Corp's stock price may see a slight positive sentiment boost due to institutional interest. (CAMECO CORP) — medium confidence, target: Next 1-3 months
FAQ
Who is the reporting person in this SC 13G filing for Cameco Corp?
The reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What percentage of Cameco Corp's common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 7.173% of Cameco Corp's common stock, as detailed in Item 11 and Item 4(b) of the filing.
How many shares of Cameco Corp common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 31,121,208 shares of Cameco Corp common stock, as reported in Item 7 and Item 4(a) of the filing.
What is the CUSIP number for Cameco Corp's common stock mentioned in the filing?
The CUSIP number for Cameco Corp's common stock is 13321L108, as stated in the filing's header and Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding CAMECO CORP (CCJ).