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

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO was the target of some unusual options trading on Thursday. Stock investors bought 384,705 call options on the stock. This represents an increase of 1,490% compared to the average volume of 24,198 call options.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Finally, Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $70.03.

Cameco Price Performance

NYSE:CCJ opened at $43.92 on Friday. The stock has a market cap of $19.12 billion, a PE ratio of 156.86 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. The business's 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $49.49. Cameco has a 52 week low of $35.00 and a 52 week high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. As a group, analysts forecast that Cameco will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Larson Financial Group LLC raised its stake in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after buying an additional 238 shares in the last quarter. Heritage Wealth Management Inc. lifted its holdings in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after acquiring an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after acquiring an additional 267 shares in the last quarter. Finally, EdgeRock Capital LLC increased its stake in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock worth $719,000 after acquiring an additional 297 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

About Cameco

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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