Cameco Sees Unusually Large Options Volume (NYSE:CCJ)

Cameco Corp (NYSE:CCJ) (TSE:CCO) was the recipient of unusually large options trading on Monday. Investors bought 2,250 put options on the company. This represents an increase of 1,008% compared to the typical volume of 203 put options.

Institutional investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC acquired a new position in shares of Cameco during the 2nd quarter worth about $26,000. Moors & Cabot Inc. acquired a new position in shares of Cameco during the 3rd quarter worth about $99,000. Tower Research Capital LLC TRC grew its position in shares of Cameco by 1,130.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,489 shares of the basic materials company’s stock worth $109,000 after buying an additional 10,555 shares during the period. Point72 Asset Management L.P. grew its position in shares of Cameco by 183.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 10,851 shares of the basic materials company’s stock worth $116,000 after buying an additional 7,019 shares during the period. Finally, Intellectus Partners LLC grew its position in shares of Cameco by 29.4% during the 2nd quarter. Intellectus Partners LLC now owns 11,000 shares of the basic materials company’s stock worth $118,000 after buying an additional 2,500 shares during the period. Institutional investors own 56.44% of the company’s stock.

A number of analysts recently commented on the company. ValuEngine upgraded Cameco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. CIBC set a $13.00 price objective on Cameco and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Zacks Investment Research upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Cameco currently has an average rating of “Hold” and a consensus price target of $12.50.

Shares of CCJ stock opened at $8.96 on Wednesday. The stock has a 50-day moving average price of $9.37 and a 200 day moving average price of $9.56. The company has a quick ratio of 3.86, a current ratio of 5.63 and a debt-to-equity ratio of 0.20. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 22.40 and a beta of 0.90. Cameco has a 12 month low of $8.03 and a 12 month high of $13.04.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, November 1st. The basic materials company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The firm had revenue of $303.00 million during the quarter, compared to analyst estimates of $509.94 million. Cameco had a return on equity of 3.02% and a net margin of 5.86%. The company’s revenue was down 37.9% on a year-over-year basis. During the same period last year, the company earned $0.04 earnings per share. Sell-side analysts predict that Cameco will post -0.04 earnings per share for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.122 per share. This is a positive change from Cameco’s previous annual dividend of $0.06. This represents a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 26th. Cameco’s payout ratio is presently 15.00%.

About Cameco

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.

Further Reading: Commodities

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