Investors Purchase High Volume of Call Options on Cameco (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the target of unusually large options trading activity on Thursday. Investors acquired 384,705 call options on the company. This represents an increase of approximately 1,490% compared to the typical daily volume of 24,198 call options.

Key Headlines Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Q4 revenue and EPS beat expectations — Cameco reported roughly C$1.2B in Q4 revenue (above consensus) and EPS that topped estimates, highlighting solid execution across uranium, fuel services and Westinghouse segments. Cameco Q4 2025 Earnings Call Highlights
• Positive Sentiment: Quarterly metrics improved vs. prior year — revenue was up year-over-year and net margin/ROE showed profitability gains, supporting the narrative of disciplined supply strategy and operational leverage. Cameco fourth quarter results top analyst estimates
• Positive Sentiment: Heavy call-option buying indicates bullish speculative positioning — unusually large volume (~384,705 calls) was traded, suggesting some investors are positioning for upside after the print. Options Flow Report
• Neutral Sentiment: Full release, slide deck and call available — management provided a slide deck and conference-call materials that detail segment performance and medium-term strategy; useful for investors wanting to dig into guidance assumptions. Press Release / Slide Deck
• Negative Sentiment: FY2026 revenue guidance came in slightly below consensus — the company issued FY2026 revenue guidance around $2.2B–$2.4B (with wording that markets interpreted as cautious), which likely weighed on near-term sentiment despite the quarter beat. Cameco Announces 2025 Results (Business Wire)
• Negative Sentiment: Stock is trading lower with above-average volume — intraday weakness reflects investor caution around guidance and near-term prospects despite strong Q4 execution. Market Data

Analysts Set New Price Targets

Several equities analysts have recently issued reports on CCJ shares. National Bank Financial reiterated an “outperform” rating on shares of Cameco in a report on Thursday, November 6th. The Goldman Sachs Group reiterated a “buy” rating and set a $131.00 price objective on shares of Cameco in a research note on Wednesday, February 4th. UBS Group initiated coverage on Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 target price on the stock. Royal Bank Of Canada reduced their price target on Cameco from $160.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of “Buy” and an average price target of $131.39.

Cameco Trading Down 2.8%

Cameco stock opened at $113.10 on Friday. Cameco has a one year low of $35.00 and a one year high of $135.24. The business’s fifty day moving average is $106.43 and its 200 day moving average is $91.85. The stock has a market capitalization of $49.25 billion, a PE ratio of 131.52 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.99 and a quick ratio of 1.85.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. During the same quarter in the prior year, the business earned $0.36 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Cameco will post 1.27 EPS for the current year.

Institutional Investors Weigh In On Cameco

Hedge funds have recently added to or reduced their stakes in the stock. Financial Consulate Inc. purchased a new position in shares of Cameco in the 3rd quarter worth $25,000. Nisa Investment Advisors LLC bought a new position in Cameco in the fourth quarter valued at about $25,000. Founders Capital Management purchased a new position in Cameco in the fourth quarter worth about $27,000. Strategic Advocates LLC bought a new stake in shares of Cameco during the 3rd quarter valued at about $28,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Cameco by 30,700.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 308 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

About Cameco

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.