Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) was the recipient of unusually large options trading activity on Thursday. Traders bought 384,705 call options on the company. This is an increase of approximately 1,490% compared to the typical volume of 24,198 call options.

Cameco Stock Up 1.3 %

Cameco stock opened at $24.20 on Friday. The firm has a market capitalization of $10.47 billion, a price-to-earnings ratio of 110.01, a P/E/G ratio of 1.94 and a beta of 0.89. The firm has a 50 day simple moving average of $24.81 and a 200 day simple moving average of $24.56. Cameco has a 1-year low of $18.03 and a 1-year high of $32.49. The company has a current ratio of 5.11, a quick ratio of 4.03 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Financial Advocates Investment Management boosted its position in shares of Cameco by 13.7% in the first quarter. Financial Advocates Investment Management now owns 13,984 shares of the basic materials company’s stock valued at $407,000 after acquiring an additional 1,683 shares during the period. Synovus Financial Corp lifted its position in Cameco by 15.3% in the first quarter. Synovus Financial Corp now owns 127,403 shares of the basic materials company’s stock valued at $3,710,000 after purchasing an additional 16,941 shares during the last quarter. Financial Sense Advisors Inc. purchased a new stake in Cameco during the 2nd quarter valued at $4,166,000. Ronit Capital LLP boosted its holdings in shares of Cameco by 29.2% during the second quarter. Ronit Capital LLP now owns 31,000 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 7,000 shares during the period. Finally, Trek Financial LLC purchased a new stake in Cameco in the 1st quarter worth approximately $4,620,000. Hedge funds and other institutional investors own 58.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CCJ. lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Friday, October 28th. Canaccord Genuity Group increased their price objective on shares of Cameco from C$43.00 to C$44.00 and gave the stock a “buy” rating in a research report on Wednesday, October 26th. TD Securities boosted their price target on shares of Cameco from C$40.00 to C$41.00 in a research note on Friday, October 28th. Finally, Scotiabank dropped their target price on Cameco from C$44.00 to C$42.00 in a report on Tuesday, October 18th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

About Cameco

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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