Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the recipient of unusually large options trading activity on Thursday. Traders purchased 384,705 call options on the company. This is an increase of approximately 1,490% compared to the typical volume of 24,198 call options.
Wall Street Analyst Weigh In
CCJ has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. Finally, Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and a consensus price target of $70.53.
Read Our Latest Stock Analysis on CCJ
Institutional Trading of Cameco
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors bought a new position in Cameco during the fourth quarter worth $839,000. Sprott Inc. lifted its stake in Cameco by 44.5% during the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after purchasing an additional 34,483 shares during the last quarter. Aigen Investment Management LP bought a new position in Cameco during the fourth quarter worth $930,000. Plato Investment Management Ltd bought a new position in Cameco during the fourth quarter worth $360,000. Finally, Tidal Investments LLC lifted its stake in Cameco by 44.7% during the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock worth $1,888,000 after purchasing an additional 11,340 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Stock Up 10.8%
Shares of CCJ stock traded up $6.52 during mid-day trading on Monday, reaching $66.94. 16,010,959 shares of the company were exchanged, compared to its average volume of 4,289,543. Cameco has a fifty-two week low of $35.00 and a fifty-two week high of $68.12. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $29.14 billion, a P/E ratio of 239.05 and a beta of 0.97. The business's 50 day simple moving average is $48.51 and its 200 day simple moving average is $49.23.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same period in the previous year, the business posted $0.13 EPS. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. Research analysts predict that Cameco will post 1.27 earnings per share for the current year.
About Cameco
(
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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.
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