Stock Traders Buy High Volume of Put Options on Cameco (NYSE:CCJ)
by Sarita Garza · The Markets DailyCameco Corporation (NYSE:CCJ – Get Free Report) (TSE:CCO) was the target of some unusual options trading activity on Thursday. Stock traders acquired 28,210 put options on the stock. This represents an increase of approximately 942% compared to the average volume of 2,706 put options.
Cameco Stock Up 2.1%
CCJ stock opened at $95.72 on Friday. The business has a 50 day moving average of $90.14 and a 200 day moving average of $79.82. The firm has a market cap of $41.68 billion, a PE ratio of 111.30 and a beta of 1.07. Cameco has a twelve month low of $35.00 and a twelve month high of $110.15. The company has a quick ratio of 1.85, a current ratio of 2.99 and a debt-to-equity ratio of 0.15.
Cameco (NYSE:CCJ – Get Free Report) (TSE:CCO) last issued its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.17). The company had revenue of $313.74 million for the quarter, compared to the consensus estimate of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. Cameco’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, research analysts forecast that Cameco will post 1.27 EPS for the current fiscal year.
Cameco Increases Dividend
The company also recently announced an annual dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Monday, December 1st will be paid a $0.24 dividend. This is a boost from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 27.0%. The ex-dividend date is Monday, December 1st. Cameco’s payout ratio is currently 19.77%.
Institutional Investors Weigh In On Cameco
Institutional investors have recently made changes to their positions in the company. Financial Consulate Inc. bought a new position in Cameco in the third quarter valued at about $25,000. Dagco Inc. purchased a new stake in shares of Cameco during the 1st quarter valued at about $28,000. Strategic Advocates LLC bought a new position in shares of Cameco in the 3rd quarter worth approximately $28,000. SVB Wealth LLC bought a new position in shares of Cameco in the 1st quarter worth approximately $29,000. Finally, Trust Co. of Vermont boosted its holdings in shares of Cameco by 1,029.4% in the second quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock worth $29,000 after buying an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on CCJ. Scotiabank reaffirmed an “outperform” rating on shares of Cameco in a research note on Wednesday, October 29th. Wall Street Zen lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cameco in a report on Monday. CLSA initiated coverage on Cameco in a research report on Tuesday, September 9th. They issued an “outperform” rating and a $102.00 target price for the company. Finally, National Bankshares restated an “outperform” rating on shares of Cameco in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average price target of $117.25.
Get Our Latest Report on Cameco
About Cameco
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.
Read More
- Five stocks we like better than Cameco
- What Is WallStreetBets and What Stocks Are They Targeting?
- 3 Recently Downgraded Stocks to Avoid in 2026
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- The Chip Boom Is Back: 3 Stocks Positioned for Huge Gains
- What is a buyback in stocks? A comprehensive guide for investors
- Oracle Stock Hit Hard: Why Its AI Pipeline Could Drive a 2026 Rally