Cameco Sees Unusually Large Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading activity on Thursday. Stock traders acquired 28,210 put options on the company. This is an increase of approximately 942% compared to the typical daily volume of 2,706 put options.

Wall Street Analyst Weigh In

Several research analysts have commented on CCJ shares. The Goldman Sachs Group began coverage on shares of Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Hedge Funds Weigh In On Cameco

Several large investors have recently made changes to their positions in CCJ. Addenda Capital Inc. boosted its holdings in Cameco by 5.3% in the 1st quarter. Addenda Capital Inc. now owns 835,732 shares of the basic materials company’s stock valued at $36,204,000 after purchasing an additional 42,100 shares during the period. Ausbil Investment Management Ltd acquired a new position in shares of Cameco during the first quarter valued at about $1,378,000. S.A. Mason LLC lifted its stake in shares of Cameco by 21.1% in the first quarter. S.A. Mason LLC now owns 3,191 shares of the basic materials company’s stock valued at $138,000 after buying an additional 556 shares during the period. Sunpointe LLC raised its stake in shares of Cameco by 4.7% in the first quarter. Sunpointe LLC now owns 13,218 shares of the basic materials company’s stock valued at $573,000 after purchasing an additional 591 shares in the last quarter. Finally, Thompson Investment Management Inc. grew its holdings in shares of Cameco by 16.5% in the 1st quarter. Thompson Investment Management Inc. now owns 6,515 shares of the basic materials company’s stock worth $282,000 after purchasing an additional 925 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.5 %

NYSE:CCJ opened at $48.17 on Friday. Cameco has a 1-year low of $25.11 and a 1-year high of $52.64. The firm has a market capitalization of $20.92 billion, a price-to-earnings ratio of 80.28 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $43.72 and its 200 day moving average price is $43.46.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. On average, sell-side analysts forecast that Cameco will post 1.55 earnings per share for the current fiscal year.

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.