Investors Purchase High Volume of Cameco Put Options (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) saw some unusual options trading activity on Friday. Investors purchased 26,363 put options on the company. This is an increase of approximately 28% compared to the typical volume of 20,624 put options.

Cameco Stock Down 2.4%

CCJ stock opened at $86.11 on Friday. Cameco has a 52 week low of $68.96 and a 52 week high of $135.24. The business has a 50-day simple moving average of $99.45 and a 200 day simple moving average of $109.91. The company has a quick ratio of 2.09, a current ratio of 3.08 and a debt-to-equity ratio of 0.14. The company has a market cap of $37.50 billion, a PE ratio of 79.73, a price-to-earnings-growth ratio of 1.39 and a beta of 1.02.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). Cameco had a return on equity of 11.05% and a net margin of 18.38%.The firm had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.58 million. During the same quarter in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was down 6.8% on a year-over-year basis. Sell-side analysts anticipate that Cameco will post 1.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on CCJ shares. Citigroup restated a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. William Blair started coverage on shares of Cameco in a report on Monday, April 20th. They issued an “outperform” rating for the company. Bank of America decreased their target price on shares of Cameco from $143.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Truist Financial assumed coverage on shares of Cameco in a report on Monday, July 13th. They set a “buy” rating and a $129.00 target price on the stock. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $135.00 price target on shares of Cameco in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $146.18.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CCJ. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Cameco by 6.2% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 6,647 shares of the basic materials company’s stock worth $677,000 after purchasing an additional 389 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Cameco by 2,229.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 71,788 shares of the basic materials company’s stock valued at $7,312,000 after purchasing an additional 68,706 shares during the last quarter. Vertrix Wealth Management LLC bought a new position in shares of Cameco in the 2nd quarter valued at $567,000. Chemistry Wealth Management LLC raised its holdings in shares of Cameco by 13.4% during the 2nd quarter. Chemistry Wealth Management LLC now owns 3,402 shares of the basic materials company’s stock worth $347,000 after buying an additional 402 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Cameco by 12.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 27,761 shares of the basic materials company’s stock worth $2,828,000 after buying an additional 3,014 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Key Cameco News

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Westinghouse IPO could unlock value: Westinghouse, the nuclear-services venture backed by Cameco and Brookfield, confidentially submitted a draft registration statement for a proposed initial public offering. The transaction could highlight the value of Cameco’s nuclear-fuel-cycle investments and potentially provide capital for growth. Cameco Announces Westinghouse IPO Filing
• Positive Sentiment: Long-term nuclear outlook remains favorable: Cameco said its production outlook is unchanged and cited growing government and utility support for nuclear power as a factor supporting stronger uranium prices over time. Its positioning across uranium mining, fuel processing and Westinghouse gives the company exposure to multiple parts of the nuclear-energy supply chain. Cameco Second-Quarter Results
• Neutral Sentiment: Revenue guidance broadly aligns with estimates: Cameco issued 2026 revenue guidance of approximately $2.4 billion to $2.6 billion, compared with consensus near $2.4 billion. The range offers some upside potential but did not provide a clear positive earnings catalyst.
• Negative Sentiment: Second-quarter earnings missed forecasts: Cameco reported quarterly EPS below the analyst consensus—approximately $0.13 to $0.18 per share, depending on the reporting measure, versus estimates around $0.25 to $0.26. Earnings were also sharply below the prior-year period, while revenue declined 6.8% year over year. Cameco Earnings Report
• Negative Sentiment: Bearish options activity increased: Traders purchased 26,363 put options, about 28% above the average volume. This points to heightened demand for downside protection or bearish speculation, adding pressure to sentiment, though it is not conclusive evidence of future performance.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.