Investors Purchase Large Volume of Call Options on Cameco (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw some unusual options trading activity on Thursday. Traders acquired 384,705 call options on the stock. This represents an increase of 1,490% compared to the average volume of 24,198 call options.

Institutional Investors Weigh In On Cameco

A number of large investors have recently added to or reduced their stakes in CCJ. Terra Nova Asset Management LLC raised its stake in shares of Cameco by 12.0% in the first quarter. Terra Nova Asset Management LLC now owns 8,661 shares of the basic materials company’s stock valued at $375,000 after purchasing an additional 927 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 221 shares during the last quarter. Gainplan LLC boosted its holdings in Cameco by 17.3% during the first quarter. Gainplan LLC now owns 6,447 shares of the basic materials company’s stock worth $279,000 after buying an additional 951 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cameco by 5.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,567 shares of the basic materials company’s stock valued at $6,091,000 after purchasing an additional 7,241 shares in the last quarter. Finally, Whalen Wealth Management Inc. bought a new position in shares of Cameco during the 1st quarter worth approximately $237,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 0.3 %

NYSE CCJ traded down $0.15 on Friday, hitting $49.01. 865,334 shares of the company were exchanged, compared to its average volume of 5,014,896. The firm has a market capitalization of $21.28 billion, a P/E ratio of 81.97 and a beta of 0.92. Cameco has a twelve month low of $25.72 and a twelve month high of $52.64. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The company’s 50 day moving average price is $44.28 and its 200-day moving average price is $43.85.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Analysts predict that Cameco will post 1.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price target on the stock. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average 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.