Stock Traders Buy Large Volume of Call Options on Cameco (NYSE:CCJ)

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Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) was the target of some unusual options trading on Thursday. Investors purchased 384,705 call options on the company. This represents an increase of approximately 1,490% compared to the typical volume of 24,198 call options.

Several research firms have recently weighed in on CCJ. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Canaccord Genuity Group decreased their price target on Cameco from C$44.00 to C$43.00 in a research note on Friday, May 6th. Bank of America upped their price objective on Cameco from C$40.00 to C$46.00 in a research report on Tuesday, April 12th. Canaccord Genuity Group upped their price objective on Cameco from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, February 10th. Finally, BMO Capital Markets upgraded Cameco from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $33.00 to $42.00 in a research report on Wednesday, March 30th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $40.70.

NYSE CCJ opened at $26.15 on Friday. The company has a quick ratio of 4.12, a current ratio of 5.05 and a debt-to-equity ratio of 0.20. The firm has a market cap of $10.42 billion, a price-to-earnings ratio of -237.71 and a beta of 0.88. Cameco has a twelve month low of $15.34 and a twelve month high of $32.49. The business has a 50-day moving average price of $26.21 and a 200-day moving average price of $24.25.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its earnings results on Thursday, May 5th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. The company had revenue of $314.21 million for the quarter. Cameco had a negative return on equity of 1.08% and a negative net margin of 3.72%. Research analysts expect that Cameco will post 0.11 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of CCJ. Capital World Investors lifted its position in shares of Cameco by 402.0% in the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after buying an additional 8,113,385 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after purchasing an additional 4,644,453 shares during the period. Norges Bank purchased a new stake in Cameco during the fourth quarter valued at approximately $68,182,000. Toronto Dominion Bank raised its position in Cameco by 98.5% during the fourth quarter. Toronto Dominion Bank now owns 3,601,183 shares of the basic materials company’s stock valued at $78,514,000 after purchasing an additional 1,786,663 shares during the period. Finally, Two Sigma Advisers LP purchased a new stake in Cameco during the third quarter valued at approximately $34,292,000. Institutional investors own 57.95% of the company’s stock.

Cameco Company Profile (Get Rating)

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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