Stock Traders Purchase High Volume of Cameco Call Options (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading activity on Thursday. Investors bought 384,705 call options on the stock. This represents an increase of approximately 1,490% compared to the typical daily volume of 24,198 call options.

Analyst Ratings Changes

CCJ has been the topic of several recent research reports. The Goldman Sachs Group upped their target price on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the stock an “outperform” rating in a research note on Tuesday, June 10th. TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. CLSA started coverage on shares of Cameco in a research note on Tuesday, September 9th. They set an “outperform” rating and a $102.00 price objective on the stock. Finally, President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. Two analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus target price of $89.55.

Institutional Trading of Cameco

Institutional investors have recently modified their holdings of the stock. MetLife Investment Management LLC acquired a new stake in shares of Cameco in the first quarter valued at about $2,131,000. Northwest & Ethical Investments L.P. grew its stake in Cameco by 50.0% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 42,487 shares of the basic materials company’s stock valued at $1,750,000 after acquiring an additional 14,154 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Cameco by 41.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company’s stock valued at $1,663,000 after acquiring an additional 11,879 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Cameco by 74.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 48,992 shares of the basic materials company’s stock valued at $2,017,000 after acquiring an additional 20,947 shares in the last quarter. Finally, Nicholson Meyer Capital Management Inc. purchased a new stake in Cameco during the 1st quarter valued at about $350,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 0.2%

NYSE CCJ opened at $85.52 on Friday. The company has a fifty day simple moving average of $78.17 and a two-hundred day simple moving average of $62.79. The stock has a market cap of $37.23 billion, a P/E ratio of 98.30 and a beta of 1.04. Cameco has a 12-month low of $35.00 and a 12-month high of $89.13. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15.

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

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.