Cameco Corp (NYSE:CCJ) (TSE:CCO) was the recipient of some unusual options trading on Monday. Traders bought 6,366 put options on the stock. This represents an increase of 1,173% compared to the typical daily volume of 500 put options.

CCJ opened at $9.85 on Tuesday. Cameco has a 12 month low of $7.68 and a 12 month high of $12.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.58 and a current ratio of 6.16. The company has a market capitalization of $3.93 billion, a P/E ratio of 82.08 and a beta of 1.06.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Cameco had a negative net margin of 10.03% and a positive return on equity of 1.61%. The business had revenue of $333.00 million during the quarter, compared to analyst estimates of $392.80 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The firm’s revenue was down 29.1% compared to the same quarter last year. research analysts expect that Cameco will post 0.02 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of CCJ. State of Wisconsin Investment Board boosted its stake in Cameco by 35.3% during the 1st quarter. State of Wisconsin Investment Board now owns 379,528 shares of the basic materials company’s stock valued at $3,447,000 after purchasing an additional 99,007 shares in the last quarter. Aperio Group LLC boosted its stake in Cameco by 19.8% during the 1st quarter. Aperio Group LLC now owns 110,571 shares of the basic materials company’s stock valued at $1,005,000 after purchasing an additional 18,260 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Cameco by 104.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,012 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 10,736 shares in the last quarter. Private Advisor Group LLC bought a new position in Cameco during the 1st quarter valued at $376,000. Finally, Matarin Capital Management LLC bought a new position in Cameco during the 1st quarter valued at $445,000. 51.14% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the company. TheStreet cut Cameco from a “c” rating to a “d+” rating in a research report on Monday, July 30th. Zacks Investment Research cut Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. TD Securities cut Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, BMO Capital Markets cut Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research report on Thursday, July 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $18.00.

About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

Read More: What Factors Can Affect Return on Equity?

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.