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

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the recipient of unusually large options trading on Thursday. Traders bought 28,210 put options on the company. This represents an increase of approximately 942% compared to the typical volume of 2,706 put options.

Analyst Ratings Changes

Several research firms have issued reports on CCJ. Sanford C. Bernstein assumed coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and an average target price of $70.03.

Cameco Stock Down 0.4 %

CCJ opened at $41.12 on Friday. The company has a market cap of $17.90 billion, a PE ratio of 146.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco has a 1 year low of $35.00 and a 1 year high of $62.55. The firm has a 50 day moving average price of $42.85 and a 200 day moving average price of $49.80.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts expect that Cameco will post 1.27 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently bought and sold shares of CCJ. Larson Financial Group LLC increased its position in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares during the last quarter. Two Sigma Investments LP increased its holdings in Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock worth $2,592,000 after purchasing an additional 238 shares during the last quarter. Heritage Wealth Management Inc. increased its holdings in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares in the last quarter. Finally, EdgeRock Capital LLC boosted its stake in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after buying an additional 297 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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.