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

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CCJ. LRI Investments LLC purchased a new stake in Cameco in the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the period. Larson Financial Group LLC increased its stake in shares of Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of Cameco during the 1st quarter valued at $87,000. Finally, BNP Paribas purchased a new position in shares of Cameco during the 1st quarter valued at $93,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ opened at $51.35 on Friday. The company’s 50 day moving average is $42.51 and its 200 day moving average is $47.21. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 131.67 and a beta of 0.90. Cameco has a 12-month low of $35.43 and a 12-month high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. During the same period in the previous year, the firm earned ($0.01) EPS. The company’s revenue was up 24.1% on a year-over-year basis. On average, equities research analysts predict that Cameco will post 0.83 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Cameco Company Profile

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.