Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) was the target of unusually large options trading activity on Thursday. Traders purchased 28,210 put options on the company. This is an increase of approximately 942% compared to the typical volume of 2,706 put options.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CCJ. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $62.75.
Check Out Our Latest Report on Cameco
Institutional Investors Weigh In On Cameco
Cameco Stock Performance
NYSE:CCJ opened at $48.11 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The firm has a market capitalization of $20.89 billion, a price-to-earnings ratio of 80.18 and a beta of 0.92. The company’s 50-day moving average is $43.81 and its two-hundred day moving average is $43.53. Cameco has a 1-year low of $25.11 and a 1-year high of $52.64.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its earnings results 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). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Analysts forecast that Cameco will post 1.55 EPS for the current year.
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.
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