Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) was the recipient of some unusual options trading on Thursday. Investors purchased 384,705 call options on the company. This is an increase of 1,490% compared to the average volume of 24,198 call options.
Cameco Stock Down 0.2 %
Shares of NYSE CCJ opened at $32.86 on Friday. The company’s 50-day simple moving average is $30.03 and its 200-day simple moving average is $27.65. Cameco has a 52-week low of $21.02 and a 52-week high of $33.48. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 113.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.97. The company has a quick ratio of 6.64, a current ratio of 7.75 and a debt-to-equity ratio of 0.17.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its earnings results on Friday, April 28th. The basic materials company reported $0.20 EPS for the quarter, hitting analysts’ consensus estimates of $0.20. Cameco had a net margin of 7.84% and a return on equity of 4.26%. The company had revenue of $508.09 million for the quarter. Equities analysts predict that Cameco will post 0.88 EPS for the current fiscal year.
Institutional Investors Weigh In On Cameco
Several large investors have recently added to or reduced their stakes in the business. Ahrens Investment Partners LLC acquired a new position in shares of Cameco in the 1st quarter valued at $37,000. Lombard Odier Asset Management Europe Ltd purchased a new position in Cameco during the 4th quarter worth $1,523,000. K.J. Harrison & Partners Inc raised its position in Cameco by 19.3% during the 1st quarter. K.J. Harrison & Partners Inc now owns 24,697 shares of the basic materials company’s stock worth $646,000 after buying an additional 4,000 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Cameco during the 4th quarter worth $531,000. Finally, HBK Sorce Advisory LLC raised its position in Cameco by 24.2% during the 4th quarter. HBK Sorce Advisory LLC now owns 22,038 shares of the basic materials company’s stock worth $500,000 after buying an additional 4,289 shares during the last quarter. 63.86% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CCJ has been the subject of a number of research reports. Scotiabank decreased their target price on shares of Cameco from C$50.00 to C$49.00 in a research note on Wednesday, June 28th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Raymond James increased their price objective on shares of Cameco to C$50.00 in a research report on Monday, May 1st. Finally, TD Securities increased their price objective on shares of Cameco from C$50.00 to C$51.00 in a research report on Monday, May 1st.
About Cameco
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.