Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw unusually large options trading activity on Thursday. Stock investors acquired 384,705 call options on the stock. This is an increase of 1,490% compared to the typical volume of 24,198 call options.

Institutional Investors Weigh In On Cameco

A number of large investors have recently bought and sold shares of CCJ. Sierra Ocean LLC acquired a new stake in shares of Cameco in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Pingora Partners LLC bought a new position in shares of Cameco in the 3rd quarter worth $33,000. Finally, Whipplewood Advisors LLC acquired a new stake in Cameco in the 4th quarter valued at $33,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ opened at $41.83 on Friday. The stock has a market capitalization of $18.21 billion, a P/E ratio of 149.40 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $46.42 and its two-hundred day simple moving average is $50.22. Cameco has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, analysts predict that Cameco will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Glj Research raised their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco presently has an average rating of “Buy” and an average target price of $73.64.

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.