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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) saw some unusual options trading on Thursday. Traders purchased 28,210 put options on the stock. This is an increase of approximately 942% compared to the typical volume of 2,706 put options.

Analyst Ratings Changes

Several brokerages have recently commented on CCJ. Royal Bank Of Canada boosted their price objective on Cameco from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Raymond James Financial reissued an “outperform” rating on shares of Cameco in a report on Tuesday, September 2nd. Glj Research reaffirmed a “buy” rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Friday. Finally, President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $89.55.

Institutional Trading of Cameco

Institutional investors have recently made changes to their positions in the stock. Hager Investment Management Services LLC grew its holdings in shares of Cameco by 0.4% in the second quarter. Hager Investment Management Services LLC now owns 30,628 shares of the basic materials company’s stock worth $2,274,000 after purchasing an additional 127 shares during the last quarter. Wealth Alliance LLC raised its holdings in Cameco by 1.6% during the 2nd quarter. Wealth Alliance LLC now owns 10,036 shares of the basic materials company’s stock valued at $745,000 after buying an additional 154 shares during the last quarter. Colonial Trust Advisors boosted its position in Cameco by 0.3% during the 2nd quarter. Colonial Trust Advisors now owns 59,753 shares of the basic materials company’s stock valued at $4,435,000 after buying an additional 172 shares during the period. Signaturefd LLC grew its holdings in Cameco by 2.4% in the 2nd quarter. Signaturefd LLC now owns 8,119 shares of the basic materials company’s stock worth $603,000 after acquiring an additional 191 shares during the last quarter. Finally, Keel Point LLC increased its position in shares of Cameco by 3.5% in the second quarter. Keel Point LLC now owns 5,646 shares of the basic materials company’s stock valued at $419,000 after acquiring an additional 191 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Cameco stock opened at $84.33 on Friday. The firm has a fifty day simple moving average of $78.70 and a two-hundred day simple moving average of $64.22. 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 $89.13. The company has a market capitalization of $36.72 billion, a PE ratio of 96.93 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 46.7% on a year-over-year basis. Cameco has set its FY 2025 guidance at EPS. Research analysts expect that Cameco will post 1.27 EPS for the current year.

About Cameco

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.