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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the recipient of some unusual options trading on Thursday. Investors purchased 28,210 put options on the company. This is an increase of 942% compared to the average volume of 2,706 put options.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCJ shares. Royal Bank Of Canada increased their price objective on Cameco from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an “outperform” rating in a research report on Tuesday, June 10th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research note on Tuesday, July 8th. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a research note on Tuesday, September 2nd. Finally, Glj Research restated a “buy” rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $89.55.

Cameco Stock Up 0.9%

CCJ opened at $82.56 on Friday. The firm has a 50 day moving average price of $77.04 and a 200-day moving average price of $60.98. The stock has a market capitalization of $35.95 billion, a price-to-earnings ratio of 94.90 and a beta of 1.04. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco has a twelve month low of $35.00 and a twelve month high of $86.37.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue was up 46.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Equities research analysts forecast that Cameco will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CCJ. Bison Wealth LLC increased its stake in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company’s stock worth $1,102,000 after buying an additional 2,975 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Cameco by 44.7% in the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company’s stock worth $1,888,000 after acquiring an additional 11,340 shares during the period. Two Sigma Investments LP grew its position in shares of Cameco by 0.5% during the fourth 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 in the last quarter. Waverly Advisors LLC purchased a new stake in shares of Cameco during the fourth quarter worth about $323,000. Finally, Voloridge Investment Management LLC bought a new stake in Cameco during the 4th quarter valued at approximately $13,002,000. 70.21% of the stock is currently owned by institutional investors.

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.