Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw unusually large options trading on Thursday. Traders purchased 28,210 put options on the stock. This represents an increase of 942% compared to the typical volume of 2,706 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCJ. Capital World Investors grew its holdings in Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after buying an additional 8,113,385 shares in the last quarter. FMR LLC lifted its position in shares of Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after acquiring an additional 4,865,085 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cameco by 37.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after acquiring an additional 4,644,453 shares during the period. Norges Bank bought a new stake in shares of Cameco during the 4th quarter valued at $72,843,000. Finally, Nuveen Asset Management LLC bought a new stake in shares of Cameco during the 4th quarter valued at $129,258,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Down 0.1 %

Shares of Cameco stock opened at $48.11 on Friday. Cameco has a 12-month low of $25.11 and a 12-month high of $52.64. The stock has a market cap of $20.89 billion, a P/E ratio of 80.18 and a beta of 0.92. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $43.81 and its 200-day moving average is $43.53.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. Equities research analysts predict that Cameco will post 1.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on CCJ. The Goldman Sachs Group assumed coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.