Traders Purchase High Volume of Cameco Call Options (NYSE:CCJ)

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

Cameco Trading Down 2.1 %

Cameco stock opened at $23.34 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 5.05 and a quick ratio of 4.12. Cameco has a one year low of $15.34 and a one year high of $32.49. The stock has a market capitalization of $9.30 billion, a PE ratio of -212.16 and a beta of 0.93. The business’s fifty day moving average is $23.07 and its 200 day moving average is $24.14.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its earnings results on Thursday, May 5th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.07. Cameco had a negative return on equity of 1.08% and a negative net margin of 3.72%. The company had revenue of $314.21 million for the quarter. On average, sell-side analysts predict that Cameco will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCJ shares. Royal Bank of Canada reduced their price target on Cameco from C$50.00 to C$45.00 in a research note on Friday, May 6th. Raymond James upped their price target on Cameco from C$40.00 to C$47.00 in a research note on Wednesday, April 20th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Bank of America increased their target price on Cameco from C$40.00 to C$46.00 in a research note on Tuesday, April 12th. Finally, BMO Capital Markets raised Cameco from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $42.00 in a research note on Wednesday, March 30th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.78.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CCJ. AdvisorNet Financial Inc bought a new position in Cameco in the first quarter valued at about $29,000. Bank of New Hampshire bought a new position in shares of Cameco in the first quarter worth about $34,000. Sandy Cove Advisors LLC bought a new position in shares of Cameco in the fourth quarter worth about $38,000. Settian Capital LP bought a new position in shares of Cameco in the fourth quarter worth about $48,000. Finally, JFS Wealth Advisors LLC raised its stake in shares of Cameco by 92.9% in the first quarter. JFS Wealth Advisors LLC now owns 1,686 shares of the basic materials company’s stock worth $49,000 after buying an additional 812 shares during the period. Institutional investors own 57.95% of the company’s stock.

Cameco Company Profile

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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.

Further Reading

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