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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading activity on Thursday. Traders bought 384,705 call options on the stock. This represents an increase of 1,490% compared to the typical volume of 24,198 call options.

Cameco Price Performance

CCJ opened at $86.61 on Friday. The stock has a market capitalization of $37.71 billion, a PE ratio of 99.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96. Cameco has a 1 year low of $35.00 and a 1 year high of $91.58. The company’s 50 day simple moving average is $79.67 and its 200 day simple moving average is $65.65.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.21%. The firm had revenue of $467.72 million for the quarter, compared to analysts’ expectations of $819.79 million. During the same period in the previous year, the company posted $0.14 earnings per share. Cameco’s revenue was up 46.7% compared to the same quarter last year. Cameco has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Cameco will post 1.27 EPS for the current year.

Institutional Trading of Cameco

Institutional investors and hedge funds have recently modified their holdings of the business. Manchester Capital Management LLC raised its position in Cameco by 100.0% during the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Dagco Inc. acquired a new stake in shares of Cameco in the 1st quarter valued at $28,000. SVB Wealth LLC acquired a new position in Cameco during the 1st quarter worth about $29,000. Trust Co. of Vermont lifted its position in Cameco by 1,029.4% during the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its holdings in Cameco by 110.3% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 182 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating on shares of Cameco in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Cameco in a research note on Wednesday. President Capital raised shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. TD Securities reiterated a “buy” rating on shares of Cameco in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $89.55.

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.