Cameco Target of Unusually Large Options Trading (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw unusually large options trading activity on Thursday. Stock investors acquired 384,705 call options on the company. This is an increase of 1,490% compared to the typical daily volume of 24,198 call options.

Cameco Trading Down 0.4 %

Shares of CCJ stock opened at $53.87 on Friday. Cameco has a 1 year low of $35.43 and a 1 year high of $58.72. The firm has a market capitalization of $23.44 billion, a PE ratio of 138.13 and a beta of 0.90. The stock has a fifty day moving average of $45.69 and a two-hundred day moving average of $47.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.01) EPS. As a group, research analysts expect that Cameco will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCJ. Silvia Mccoll Wealth Management LLC grew its holdings in Cameco by 3.9% during the third quarter. Silvia Mccoll Wealth Management LLC now owns 5,610 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 210 shares during the period. EdgeRock Capital LLC grew its stake in shares of Cameco by 1.7% in the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock worth $654,000 after purchasing an additional 224 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 234 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Finally, S.A. Mason LLC boosted its holdings in Cameco by 8.1% during the second quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock worth $170,000 after buying an additional 258 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research reports. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Glj Research restated a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a report on Monday, August 19th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.