Investors Buy Large Volume of Put Options on Cameco (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) saw some unusual options trading on Friday. Stock traders acquired 49,822 put options on the company. This is an increase of approximately 105% compared to the average volume of 24,322 put options.

Cameco Price Performance

Shares of CCJ stock traded down $6.62 during midday trading on Friday, reaching $76.87. 9,550,209 shares of the company were exchanged, compared to its average volume of 3,527,611. Cameco has a 12 month low of $73.89 and a 12 month high of $135.24. The company has a market cap of $33.48 billion, a P/E ratio of 130.29, a PEG ratio of 1.69 and a beta of 1.17. The company’s 50 day moving average price is $90.63 and its two-hundred day moving average price is $104.19. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, October 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.07 earnings per share. On average, sell-side analysts expect that Cameco will post 1.08 earnings per share for the current year.

Trending Headlines about Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Uranium prices rose approximately 8% during the quarter, while Cameco said nuclear-industry fundamentals remain strong. The company reiterated that its disciplined strategy and integrated exposure, including Westinghouse, support long-term value creation. Cameco Q3 2026 earnings call transcript
• Positive Sentiment: Cameco declared an annual dividend, with the company signaling a payment of approximately $0.24, providing continued shareholder income despite near-term earnings volatility. Cameco dividend and production outlook
• Neutral Sentiment: The company narrowed its 2026 uranium production outlook to 19.5 million–20.5 million pounds. The tighter range improves visibility, but the lower production pace highlights ongoing execution and maintenance risks. Cameco production outlook
• Negative Sentiment: Third-quarter adjusted earnings per share were $0.10, below the $0.23 analyst consensus. Profit for the first nine months also declined, reinforcing concerns about earnings volatility. Cameco stock falls after lower nine-month profit
• Negative Sentiment: Planned maintenance and an outage at Key Lake reduced production by about 20% and sharply pressured quarterly revenue and earnings. Investors are concerned that mine disruptions, rising costs, and Westinghouse execution could undermine Cameco’s raised revenue outlook. Cameco Q3 2026 earnings
• Negative Sentiment: Unusually heavy put-option activity—49,822 contracts, more than double typical volume—signals increased near-term hedging or bearish speculation, although it does not by itself confirm future performance.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CCJ shares. Bank of America decreased their price objective on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Citigroup reissued a “positive” rating on shares of Cameco in a research note on Wednesday, July 15th. Finally, Zacks Research cut Cameco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $147.93.

Institutional Investors Weigh In On Cameco

Institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC acquired a new stake in shares of Cameco in the first quarter valued at $30,000. Western Wealth Management LLC bought a new position in Cameco during the first quarter valued at about $39,000. CX Institutional boosted its stake in Cameco by 2,181.2% during the third quarter. CX Institutional now owns 365 shares of the basic materials company’s stock valued at $32,000 after buying an additional 349 shares in the last quarter. Trust Co. of Vermont acquired a new position in Cameco during the second quarter worth about $39,000. Finally, Vestor Capital LLC acquired a new position in Cameco during the first quarter worth about $42,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.