Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO saw unusually large options trading activity on Thursday. Investors acquired 384,705 call options on the stock. This represents an increase of approximately 1,490% compared to the average volume of 24,198 call options.
Cameco Trading Down 0.5 %
Cameco stock traded down $0.24 during midday trading on Tuesday, reaching $43.09. The stock had a trading volume of 2,387,227 shares, compared to its average volume of 4,088,565. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a fifty day moving average of $47.57 and a 200 day moving average of $50.05. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 153.90 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts anticipate that Cameco will post 1.27 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on CCJ. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research note on Tuesday, March 11th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $73.64.
Read Our Latest Research Report on Cameco
Institutional Trading of Cameco
Institutional investors and hedge funds have recently made changes to their positions in the business. Sierra Ocean LLC bought a new position in shares of Cameco in the fourth quarter worth about $25,000. Hurley Capital LLC purchased a new stake in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the 4th quarter worth about $28,000. Pingora Partners LLC purchased a new position in shares of Cameco during the third quarter worth approximately $33,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Cameco during the fourth quarter valued at approximately $33,000. 70.21% of the stock is currently owned by institutional investors.
About Cameco
(
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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.
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