Cameco Co. (NYSE:CCJ – Get Free Report) (TSE:CCO) was the recipient of some unusual options trading on Thursday. Investors acquired 384,705 call options on the company. This represents an increase of 1,490% compared to the average volume of 24,198 call options.
Cameco Stock Performance
Shares of NYSE CCJ traded down $0.15 during mid-day trading on Friday, hitting $49.01. The company had a trading volume of 865,334 shares, compared to its average volume of 5,014,896. The company has a market capitalization of $21.28 billion, a price-to-earnings ratio of 81.97 and a beta of 0.92. Cameco has a 1 year low of $25.72 and a 1 year high of $52.64. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $44.28 and its 200-day moving average price is $43.85.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million during the quarter. On average, sell-side analysts forecast that Cameco will post 1.54 earnings per share for the current year.
Institutional Trading of Cameco
Analysts Set New Price Targets
Several brokerages have recently issued reports on CCJ. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and a consensus target price of $62.75.
Check Out Our Latest Stock Analysis on CCJ
Cameco Company Profile
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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