Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the recipient of unusually large options trading on Thursday. Traders bought 28,210 put options on the company. This represents an increase of approximately 942% compared to the typical volume of 2,706 put options.

Hedge Funds Weigh In On Cameco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Country Club Bank lifted its position in Cameco by 0.5% during the 1st quarter. Country Club Bank now owns 43,553 shares of the basic materials company's stock worth $1,822,000 after acquiring an additional 224 shares in the last quarter. Larson Financial Group LLC lifted its position in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after acquiring an additional 226 shares in the last quarter. Two Sigma Investments LP lifted its position in Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after acquiring an additional 238 shares in the last quarter. Heritage Wealth Management Inc. lifted its position in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after acquiring an additional 250 shares in the last quarter. Finally, Sunpointe LLC lifted its position in Cameco by 1.8% during the 1st quarter. Sunpointe LLC now owns 16,281 shares of the basic materials company's stock worth $670,000 after acquiring an additional 288 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 0.7%

Shares of NYSE CCJ traded up $0.46 during midday trading on Friday, hitting $66.60. The stock had a trading volume of 5,079,823 shares, compared to its average volume of 4,352,193. The company has a market capitalization of $28.99 billion, a price-to-earnings ratio of 237.85 and a beta of 0.97. Cameco has a 1-year low of $35.00 and a 1-year high of $68.12. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $50.11 and a 200 day moving average price of $49.51.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts predict that Cameco will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on CCJ shares. Desjardins started coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Scotiabank restated an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, UBS Group restated a "buy" rating on shares of Cameco in a report on Tuesday. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $75.63.

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.