Cameco Corporation Sees Unusually Large Options Volume (CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the target of some unusual options trading on Tuesday. Investors purchased 21,936 call options on the company. This is an increase of approximately 1,691% compared to the average volume of 1,225 call options.

Cameco Corporation (CCJ) traded down 1.94% on Tuesday, hitting $9.10. The company’s stock had a trading volume of 3,861,648 shares. The stock’s market cap is $3.60 billion. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36. The firm has a 50 day moving average of $9.56 and a 200-day moving average of $10.71.

Cameco Corporation (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, April 28th. The basic materials company reported ($0.05) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.05). The company had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. Cameco Corporation’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. On average, analysts expect that Cameco Corporation will post $0.29 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.0741 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, June 28th. Cameco Corporation’s payout ratio is -100.00%.

Several hedge funds have recently modified their holdings of CCJ. Gabelli Funds LLC increased its stake in shares of Cameco Corporation by 102.2% in the fourth quarter. Gabelli Funds LLC now owns 633,000 shares of the basic materials company’s stock worth $6,628,000 after buying an additional 320,000 shares during the last quarter. Credit Agricole S A increased its stake in shares of Cameco Corporation by 138.4% in the fourth quarter. Credit Agricole S A now owns 174,336 shares of the basic materials company’s stock worth $1,825,000 after buying an additional 101,208 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Cameco Corporation during the first quarter worth approximately $116,000. A.R.T. Advisors LLC acquired a new stake in shares of Cameco Corporation during the fourth quarter worth approximately $2,441,000. Finally, Gulf International Bank UK Ltd increased its stake in shares of Cameco Corporation by 2.4% in the first quarter. Gulf International Bank UK Ltd now owns 119,035 shares of the basic materials company’s stock worth $1,315,000 after buying an additional 2,800 shares during the last quarter. 56.88% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on the company. Credit Suisse Group reissued a “neutral” rating on shares of Cameco Corporation in a research report on Tuesday, April 18th. Zacks Investment Research lowered Cameco Corporation from a “buy” rating to a “strong sell” rating in a research report on Monday, March 13th. Finally, BidaskClub lowered Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.67.

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About Cameco Corporation

Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.

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