On April 3, 2023 at 10:35:20 ET an unusually large
$466.26K block of Put contracts in Cameco
(CCJ) was bought,
with a strike price of $25.00 / share, expiring in 165 days (on September 15, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 1.45 sigmas above the mean, placing it in the 88.48 percentile of all recent large trades made in CCJ options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 34.26% Upside
As of March 30, 2023,
the average one-year price target for Cameco is $35.14.
The forecasts range from a low of $26.44 to a high of $38.71.
The average price target represents an increase of 34.26% from its latest reported closing price of $26.17.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cameco
is $2,131MM.
The projected annual non-GAAP EPS
is $0.81.
What is the Fund Sentiment?
There are 707 funds or institutions reporting positions in Cameco.
This is a decrease
of
18
owner(s) or 2.48% in the last quarter.
Average portfolio weight of all funds dedicated to CCJ is 0.50%,
a decrease
of 8.27%.
Total shares owned by institutions increased
in the last three months by 12.36% to 311,642K shares.
The put/call ratio of CCJ is 0.58, indicating a
bullish
outlook.
What are Large Shareholders Doing?
URA – Global X Uranium ETF
holds 14,410K shares
representing 3.33% ownership of the company.
In it’s prior filing, the firm reported owning 14,699K shares, representing
a decrease
of 2.00%.
The firm
increased
its portfolio allocation in CCJ by 3.94% over the last quarter.
Capital World Investors
holds 14,281K shares
representing 3.30% ownership of the company.
In it’s prior filing, the firm reported owning 11,545K shares, representing
an increase
of 19.16%.
The firm
increased
its portfolio allocation in CCJ by 0.31% over the last quarter.
Mirae Asset Global Investments Co.
holds 14,119K shares
representing 3.26% ownership of the company.
In it’s prior filing, the firm reported owning 14,571K shares, representing
a decrease
of 3.20%.
The firm
decreased
its portfolio allocation in CCJ by 56.52% over the last quarter.
William Blair Investment Management
holds 11,206K shares
representing 2.59% ownership of the company.
In it’s prior filing, the firm reported owning 10,208K shares, representing
an increase
of 8.90%.
The firm
decreased
its portfolio allocation in CCJ by 9.15% over the last quarter.
Price T Rowe Associates
holds 9,512K shares
representing 2.20% ownership of the company.
In it’s prior filing, the firm reported owning 11,827K shares, representing
a decrease
of 24.33%.
The firm
decreased
its portfolio allocation in CCJ by 32.46% over the last quarter.
Cameco Background Information
(This description is provided by the company.)
Cameco is one of the largest global providers of the fuel needed to energize a clean-air world. The Company’s tier-one operations have the licensed capacity to produce more than 53 million pounds (100% basis) of uranium concentrates annually, backed by 455 million pounds of proven and probable mineral reserves (its share). The Company is also a leading supplier of uranium refining, conversion and fuel manufacturing services.
Utilities around the world rely on company’s nuclear fuel products to generate power in safe, reliable, carbon-free nuclear reactors. The Company is meeting the ever-increasing demand for clean baseload electricity while delivering safe, reliable solutions to today’s clean-air crisis.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
