Traders Buy High Volume of Cameco Put Options (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading on Friday. Investors bought 49,822 put options on the stock. This is an increase of 105% compared to the typical daily volume of 24,322 put options.

Cameco Price Performance

Shares of CCJ stock opened at $76.87 on Friday. The stock has a 50-day moving average price of $90.63 and a 200 day moving average price of $104.19. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 116.47, a PEG ratio of 1.55 and a beta of 1.17. Cameco has a 12 month low of $73.89 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, July 31st. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. The firm had revenue of $573.06 million for the quarter, compared to the consensus estimate of $579.60 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Research analysts expect that Cameco will post 1.08 EPS for the current year.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Uranium prices rose approximately 8% during the quarter, while Cameco said nuclear-industry fundamentals remain strong. The company reiterated that its disciplined strategy and integrated exposure, including Westinghouse, support long-term value creation. Cameco Q3 2026 earnings call transcript
• Positive Sentiment: Cameco declared an annual dividend, with the company signaling a payment of approximately $0.24, providing continued shareholder income despite near-term earnings volatility. Cameco dividend and production outlook
• Neutral Sentiment: The company narrowed its 2026 uranium production outlook to 19.5 million–20.5 million pounds. The tighter range improves visibility, but the lower production pace highlights ongoing execution and maintenance risks. Cameco production outlook
• Negative Sentiment: Third-quarter adjusted earnings per share were $0.10, below the $0.23 analyst consensus. Profit for the first nine months also declined, reinforcing concerns about earnings volatility. Cameco stock falls after lower nine-month profit
• Negative Sentiment: Planned maintenance and an outage at Key Lake reduced production by about 20% and sharply pressured quarterly revenue and earnings. Investors are concerned that mine disruptions, rising costs, and Westinghouse execution could undermine Cameco’s raised revenue outlook. Cameco Q3 2026 earnings
• Negative Sentiment: Unusually heavy put-option activity—49,822 contracts, more than double typical volume—signals increased near-term hedging or bearish speculation, although it does not by itself confirm future performance.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup reaffirmed a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Jefferies Financial Group started coverage on Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 price objective on the stock. Zacks Research lowered Cameco from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Barclays decreased their target price on Cameco from $97.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, October 19th. Finally, Bank of America lowered their target price on Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $147.93.

Institutional Investors Weigh In On Cameco

Several institutional investors have recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new stake in shares of Cameco in the third quarter worth about $849,000. Greenfield Seitz Capital Management LLC acquired a new stake in shares of Cameco during the third quarter worth about $439,000. Signature Equity Partners LLC lifted its holdings in shares of Cameco by 55.8% during the 3rd quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Cameco by 1.8% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 108,698 shares of the basic materials company’s stock valued at $9,446,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of Cameco during the 3rd quarter valued at about $217,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.