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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the recipient of unusually large options trading activity on Friday. Stock investors bought 26,363 put options on the company. This represents an increase of approximately 28% compared to the average volume of 20,624 put options.

Hedge Funds Weigh In On Cameco

Large investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its holdings in Cameco by 35.2% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 535,743 shares of the basic materials company’s stock worth $58,187,000 after buying an additional 139,592 shares during the last quarter. Temasek Holdings Private Ltd acquired a new stake in shares of Cameco in the 1st quarter valued at $70,851,000. WCM Investment Management LLC bought a new stake in Cameco in the first quarter worth $35,342,000. Amova Asset Management Americas Inc. raised its holdings in Cameco by 37.7% during the first quarter. Amova Asset Management Americas Inc. now owns 522,864 shares of the basic materials company’s stock valued at $56,788,000 after buying an additional 143,113 shares in the last quarter. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of Cameco in the fourth quarter worth about $1,974,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco News Summary

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Westinghouse, in which Cameco is a major shareholder, confidentially submitted a draft registration statement for a proposed initial public offering. The listing could help establish a market value for the business, potentially unlock value for Cameco and provide capital to support Westinghouse’s growth. The IPO remains subject to regulatory review and market conditions. Cameco Announces Westinghouse IPO Filing
• Positive Sentiment: Cameco said its year-to-date performance remains on track, left its production outlook unchanged and highlighted growing policy and utility support for nuclear power. Management expects stronger long-term uranium prices as demand for nuclear fuel increases, supporting the company’s longer-term outlook. Cameco Second-Quarter Results
• Neutral Sentiment: Fiscal 2026 revenue guidance was maintained at approximately $2.4 billion to $2.6 billion, broadly consistent with analyst expectations. The unchanged outlook limits the risk of a major forecast reduction but offers little near-term upside surprise.
• Negative Sentiment: Second-quarter earnings missed consensus estimates. Cameco reported approximately $0.18 in EPS, or $0.13 on the Zacks-adjusted measure, versus estimates near $0.25-$0.26; revenue declined 6.8% year over year. Profit also fell substantially from the prior-year quarter, raising concerns about near-term operating performance despite the unchanged production outlook. Cameco Q2 Earnings Miss
• Negative Sentiment: Investors purchased about 26,363 put options on Cameco, roughly 28% above typical volume. While options activity does not guarantee a decline, the increase suggests elevated hedging or bearish speculation around the earnings release.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. William Blair started coverage on shares of Cameco in a research report on Monday, April 20th. They set an “outperform” rating for the company. Bank of America decreased their price objective on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price target on shares of Cameco in a research report on Wednesday, May 6th. Weiss Ratings downgraded Cameco from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Moderate Buy” and an average price target of $146.18.

Cameco Price Performance

Shares of CCJ stock traded down $2.42 during midday trading on Friday, reaching $85.81. 3,722,876 shares of the company were exchanged, compared to its average volume of 3,714,081. The company’s 50 day moving average price is $99.82 and its two-hundred day moving average price is $110.08. The company has a market cap of $37.37 billion, a P/E ratio of 79.50, a PEG ratio of 1.34 and a beta of 1.02. Cameco has a 12 month low of $68.96 and a 12 month high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, sell-side analysts expect that Cameco will post 1.34 earnings per share for the current year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long?term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.