Cameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) was the target of some unusual options trading activity on Monday. Stock investors bought 33,829 put options on the stock. This represents an increase of approximately 52% compared to the typical volume of 22,244 put options.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bullseye Investment Management LLC purchased a new stake in shares of Cameco during the 2nd quarter worth about $136,000. Sequoia Financial Advisors LLC grew its stake in shares of Cameco by 14.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 106,825 shares of the basic materials company’s stock valued at $10,881,000 after buying an additional 13,399 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in Cameco by 11.5% in the second quarter. Gemmer Asset Management LLC now owns 12,906 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 1,327 shares during the last quarter. SailingStone Capital Partners LLC increased its holdings in Cameco by 0.5% in the second quarter. SailingStone Capital Partners LLC now owns 73,227 shares of the basic materials company’s stock worth $7,459,000 after buying an additional 392 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in Cameco by 30.9% during the second quarter. WINTON GROUP Ltd now owns 140,300 shares of the basic materials company’s stock valued at $14,291,000 after acquiring an additional 33,153 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Cameco Stock Down 3.5%
Cameco stock traded down $3.41 during trading hours on Monday, hitting $93.27. The company had a trading volume of 3,301,218 shares, compared to its average volume of 3,550,004. Cameco has a fifty-two week low of $77.70 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.06 and a quick ratio of 2.10. The firm has a market capitalization of $40.62 billion, a P/E ratio of 158.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.06. The firm’s fifty day moving average is $95.30 and its 200-day moving average is $105.72.
Analyst Upgrades and Downgrades
CCJ has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Cameco in a research report on Thursday, September 3rd. They set a “buy” rating and a $138.00 price objective on the stock. Bank of America reduced their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Royal Bank Of Canada raised their target price on Cameco from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Cameco from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Finally, Barclays dropped their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $148.68.
Get Our Latest Analysis on Cameco
Cameco Company Profile
Cameco Corporation is a Canadian uranium company headquartered in Saskatoon, Saskatchewan. Established in 1988 through the merger of Saskatchewan Mining Development Corporation and Eldorado Nuclear Limited, Cameco is one of the world’s largest publicly traded uranium producers.
The company explores, develops and operates uranium mines, primarily in Canada, the United States and Kazakhstan. Its assets include the McArthur River and Cigar Lake operations in northern Saskatchewan, as well as interests in the Inkai operation in Kazakhstan.
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