Cameco Corp (NYSE:CCJ) (TSE:CCO) saw unusually large options trading activity on Wednesday. Traders bought 23,903 call options on the company. This is an increase of approximately 2,382% compared to the average volume of 963 call options.
A number of institutional investors have recently added to or reduced their stakes in CCJ. Bank of New York Mellon Corp grew its position in shares of Cameco by 34.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 524,770 shares of the basic materials company’s stock valued at $5,983,000 after purchasing an additional 134,432 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Cameco by 295.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 603,408 shares of the basic materials company’s stock valued at $6,879,000 after purchasing an additional 450,970 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Cameco by 132.1% during the 4th quarter. SG Americas Securities LLC now owns 46,956 shares of the basic materials company’s stock valued at $533,000 after purchasing an additional 193,345 shares in the last quarter. Pinnacle Associates Ltd. grew its position in shares of Cameco by 3.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 52,258 shares of the basic materials company’s stock valued at $593,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Cameco during the 4th quarter valued at $259,000. Institutional investors and hedge funds own 51.64% of the company’s stock.
Cameco stock opened at $10.21 on Thursday. Cameco has a 1-year low of $9.39 and a 1-year high of $13.04. The company has a market capitalization of $4.04 billion, a P/E ratio of 25.53 and a beta of 0.87. The company has a quick ratio of 1.78, a current ratio of 2.55 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Cameco had a net margin of 4.72% and a return on equity of 3.13%. The business had revenue of $297.50 million during the quarter, compared to analysts’ expectations of $392.93 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was down 32.3% on a year-over-year basis. Sell-side analysts forecast that Cameco will post 0.03 EPS for the current year.
A number of equities research analysts recently commented on CCJ shares. Zacks Investment Research cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Raymond James reaffirmed a “buy” rating on shares of Cameco in a report on Thursday, May 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Cameco in a research note on Thursday, May 2nd. Finally, TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Cameco currently has a consensus rating of “Hold” and a consensus price target of $14.67.
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Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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