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

Key Points

• Cameco Corporation (NYSE:CCJ) experienced a significant uptick in options trading, with a 1,490% increase in call options, totaling 384,705 purchased on Thursday.
• The company reported $0.51 EPS for its last quarter, exceeding analysts' estimates, while its revenue of $467.72 million was below expectations of $819.79 million.
• Institutional ownership of Cameco stands at 70.21%, with significant increases in stakes from firms like Northern Trust Corp and Janus Henderson Group PLC in the last quarter.

Cameco Corporation (NYSE:CCJ - Get Free Report) TSE: CCO saw unusually large options trading activity on Thursday. Stock traders purchased 384,705 call options on the stock. This is an increase of 1,490% compared to the average daily volume of 24,198 call options.

Cameco Stock Up 0.6%

Shares of CCJ opened at $79.94 on Friday. The company has a market cap of $34.81 billion, a PE ratio of 91.89 and a beta of 1.04. The business has a fifty day moving average of $76.11 and a 200 day moving average of $59.66. Cameco has a 52-week low of $35.00 and a 52-week high of $83.02. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco's revenue was up 46.7% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Cameco will post 1.27 EPS for the current year.

Institutional Trading of Cameco

A number of institutional investors have recently bought and sold shares of CCJ. Northern Trust Corp lifted its position in Cameco by 50.8% in the fourth quarter. Northern Trust Corp now owns 367,299 shares of the basic materials company's stock worth $18,875,000 after buying an additional 123,684 shares during the last quarter. Bison Wealth LLC increased its stake in Cameco by 16.1% in the fourth quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock worth $1,102,000 after purchasing an additional 2,975 shares during the period. CoreCap Advisors LLC increased its stake in Cameco by 8,363.6% in the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after purchasing an additional 920 shares during the period. Deutsche Bank AG increased its stake in Cameco by 6.8% in the fourth quarter. Deutsche Bank AG now owns 638,610 shares of the basic materials company's stock worth $32,818,000 after purchasing an additional 40,667 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Cameco by 153.1% in the fourth quarter. Janus Henderson Group PLC now owns 204,752 shares of the basic materials company's stock worth $10,521,000 after purchasing an additional 123,855 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the subject of several recent analyst reports. National Bankshares restated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Wall Street Zen upgraded Cameco from a "hold" rating to a "buy" rating in a research note on Sunday, September 7th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a research note on Tuesday, June 10th. UBS Group set a $102.00 target price on Cameco in a research report on Tuesday. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $89.55.

About Cameco

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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