Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the target of some unusual options trading activity on Thursday. Stock traders acquired 28,210 put options on the company. This represents an increase of 942% compared to the typical volume of 2,706 put options.
Institutional Investors Weigh In On Cameco
Several large investors have recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new position in Cameco during the fourth quarter valued at $25,000. Hurley Capital LLC purchased a new stake in Cameco in the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the fourth quarter worth about $28,000. Pingora Partners LLC purchased a new stake in shares of Cameco during the third quarter valued at about $33,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Cameco during the fourth quarter valued at about $33,000. Institutional investors own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on CCJ shares. Royal Bank of Canada restated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $71.25.
Check Out Our Latest Stock Analysis on CCJ
Cameco Price Performance
Shares of CCJ stock traded down $0.26 during mid-day trading on Friday, hitting $41.87. The company had a trading volume of 4,137,657 shares, compared to its average volume of 4,129,836. Cameco has a 52-week low of $35.43 and a 52-week high of $62.55. The stock's 50 day moving average price is $48.80 and its 200-day moving average price is $49.96. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $18.23 billion, a P/E ratio of 149.54 and a beta of 1.04.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Equities research analysts forecast that Cameco will post 1.27 earnings per share for the current year.
Cameco Company Profile
(
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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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