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

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw some unusual options trading on Thursday. Traders purchased 384,705 call options on the stock. This is an increase of approximately 1,490% compared to the typical volume of 24,198 call options.

Wall Street Analyst Weigh In

CCJ has been the subject of several research reports. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Trading Down 0.9 %

CCJ opened at $51.69 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco has a 52 week low of $26.15 and a 52 week high of $54.93. The stock has a market cap of $22.47 billion, a PE ratio of 132.54 and a beta of 0.92. The business has a 50 day moving average of $47.92 and a 200-day moving average of $45.50.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The business had revenue of $470.29 million for the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. Equities research analysts predict that Cameco will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Cameco

A number of institutional investors and hedge funds have recently bought and sold shares of CCJ. Venturi Wealth Management LLC lifted its holdings in shares of Cameco by 235.3% during the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of Cameco during the 1st quarter valued at about $26,000. Principal Securities Inc. bought a new stake in shares of Cameco in the fourth quarter worth approximately $29,000. Allworth Financial LP grew its stake in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 682 shares during the period. Finally, Versant Capital Management Inc bought a new position in Cameco during the fourth quarter valued at approximately $34,000. 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.