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

Cameco Corporation (NYSE:CCJ) (TSE:CCO) saw unusually large options trading on Thursday. Stock traders bought 28,210 put options on the company. This represents an increase of 942% compared to the typical daily volume of 2,706 put options.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Financial Consulate Inc. purchased a new position in shares of Cameco in the 3rd quarter valued at $25,000. Nisa Investment Advisors LLC purchased a new stake in Cameco in the fourth quarter valued at $25,000. Founders Capital Management purchased a new stake in Cameco in the fourth quarter valued at $27,000. Strategic Advocates LLC acquired a new position in Cameco in the third quarter valued at $28,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Cameco in the fourth quarter valued at $28,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research note on Thursday, February 5th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Royal Bank Of Canada lifted their target price on Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group reissued a “buy” rating and set a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Finally, Zacks Research lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.40.

Cameco Stock Down 0.0%

Cameco stock opened at $112.52 on Friday. The stock has a market cap of $49.01 billion, a PE ratio of 116.00 and a beta of 1.02. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. The stock’s fifty day moving average is $115.35 and its two-hundred day moving average is $100.75. Cameco has a 1-year low of $35.00 and a 1-year high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The business had revenue of $874.57 million for the quarter, compared to the consensus estimate of $782.13 million. During the same quarter in the prior year, the business posted $0.36 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts expect that Cameco will post 1.27 EPS for the current fiscal 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.