Cameco Sees Unusually High Options Volume (NYSE:CCJ)
Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) was the target of some unusual options trading activity on Thursday. Investors bought 384,705 call options on the company. This represents an increase of approximately 1,490% compared to the typical volume of 24,198 call options.
Cameco Price Performance
NYSE CCJ opened at $44.22 on Friday. The stock has a 50-day moving average of $41.09 and a 200 day moving average of $36.19. The company has a market capitalization of $19.19 billion, a price-to-earnings ratio of 100.50 and a beta of 0.96. Cameco has a one year low of $21.22 and a one year high of $46.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.31 and a current ratio of 3.85.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.13. Cameco had a return on equity of 4.73% and a net margin of 11.76%. The firm had revenue of $428.65 million for the quarter. On average, sell-side analysts forecast that Cameco will post 0.63 EPS for the current year.
Cameco Cuts Dividend
The business also recently announced an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.088 per share. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 29th. Cameco’s dividend payout ratio is currently 18.18%.
Institutional Trading of Cameco
Hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Insights Inc. acquired a new stake in Cameco in the third quarter worth about $1,942,000. Phoenix Holdings Ltd. lifted its holdings in shares of Cameco by 20.6% during the third quarter. Phoenix Holdings Ltd. now owns 49,544 shares of the basic materials company’s stock worth $1,964,000 after purchasing an additional 8,448 shares during the period. American Century Companies Inc. lifted its holdings in shares of Cameco by 3.6% during the third quarter. American Century Companies Inc. now owns 43,658 shares of the basic materials company’s stock worth $1,732,000 after purchasing an additional 1,500 shares during the period. Pantechnicon Advisors LLP acquired a new stake in shares of Cameco during the third quarter worth about $16,054,000. Finally, Deutsche Bank AG lifted its holdings in shares of Cameco by 3.0% during the third quarter. Deutsche Bank AG now owns 625,305 shares of the basic materials company’s stock worth $24,787,000 after purchasing an additional 18,506 shares during the period. Hedge funds and other institutional investors own 66.57% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Cameco from C$54.00 to C$70.00 in a research note on Friday, September 29th. TD Securities increased their price target on shares of Cameco from C$55.00 to C$70.00 and gave the company an “action list buy” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Canaccord Genuity Group increased their price target on shares of Cameco from $49.50 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, September 5th. Finally, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of $65.33.
View Our Latest Analysis on Cameco
About Cameco (Get Free Report)
Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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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Original: MarketBeat News Feed: Cameco Sees Unusually High Options Volume (NYSE:CCJ)