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

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading on Thursday. Stock traders acquired 384,705 call options on the stock. This is an increase of 1,490% compared to the average daily volume of 24,198 call options.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently made changes to their positions in CCJ. Leo Wealth LLC boosted its stake in Cameco by 20.7% in the first quarter. Leo Wealth LLC now owns 10,922 shares of the basic materials company’s stock valued at $473,000 after buying an additional 1,875 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Cameco by 2.0% in the first quarter. Blair William & Co. IL now owns 30,087 shares of the basic materials company’s stock worth $1,303,000 after acquiring an additional 601 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Cameco in the 1st quarter valued at approximately $31,131,000. Sheets Smith Wealth Management grew its holdings in shares of Cameco by 5.6% during the 1st quarter. Sheets Smith Wealth Management now owns 8,156 shares of the basic materials company’s stock valued at $353,000 after purchasing an additional 436 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its position in Cameco by 15.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company’s stock worth $1,397,000 after purchasing an additional 4,249 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $52.22 on Friday. The company has a market cap of $22.67 billion, a price-to-earnings ratio of 133.90 and a beta of 0.92. Cameco has a fifty-two week low of $26.15 and a fifty-two week high of $52.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The stock has a fifty day moving average price of $45.90 and a 200-day moving average price of $44.68.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The firm had revenue of $620.00 million for the quarter. As a group, equities analysts anticipate that Cameco will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of a number of recent research reports. The Goldman Sachs Group assumed 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 downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.