Cameco Sees Unusually Large Options Volume (NYSE:CCJ)

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the recipient of unusually large options trading on Friday. Stock investors acquired 49,822 put options on the company. This represents an increase of 105% compared to the typical daily volume of 24,322 put options.

Key Stories Impacting Cameco

Here are the key news stories impacting Cameco this week:

• Positive Sentiment: Uranium prices rose approximately 8% during the quarter, while Cameco said nuclear-industry fundamentals remain strong. The company reiterated that its disciplined strategy and integrated exposure, including Westinghouse, support long-term value creation. Cameco Q3 2026 earnings call transcript
• Positive Sentiment: Cameco declared an annual dividend, with the company signaling a payment of approximately $0.24, providing continued shareholder income despite near-term earnings volatility. Cameco dividend and production outlook
• Neutral Sentiment: The company narrowed its 2026 uranium production outlook to 19.5 million–20.5 million pounds. The tighter range improves visibility, but the lower production pace highlights ongoing execution and maintenance risks. Cameco production outlook
• Negative Sentiment: Third-quarter adjusted earnings per share were $0.10, below the $0.23 analyst consensus. Profit for the first nine months also declined, reinforcing concerns about earnings volatility. Cameco stock falls after lower nine-month profit
• Negative Sentiment: Planned maintenance and an outage at Key Lake reduced production by about 20% and sharply pressured quarterly revenue and earnings. Investors are concerned that mine disruptions, rising costs, and Westinghouse execution could undermine Cameco’s raised revenue outlook. Cameco Q3 2026 earnings
• Negative Sentiment: Unusually heavy put-option activity—49,822 contracts, more than double typical volume—signals increased near-term hedging or bearish speculation, although it does not by itself confirm future performance.

Cameco Trading Down 7.9%

NYSE CCJ opened at $76.87 on Friday. Cameco has a one year low of $73.89 and a one year high of $135.24. The firm has a market cap of $33.48 billion, a price-to-earnings ratio of 130.29, a PEG ratio of 1.68 and a beta of 1.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.10 and a current ratio of 3.06. The firm has a 50 day simple moving average of $90.63 and a 200-day simple moving average of $104.19.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, July 31st. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.13). The company had revenue of $573.06 million during the quarter, compared to analyst estimates of $579.60 million. Cameco had a net margin of 10.20% and a return on equity of 7.59%. The company’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 EPS. Equities research analysts anticipate that Cameco will post 1.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Cameco

Several institutional investors and hedge funds have recently modified their holdings of the company. HB Wealth Management LLC grew its position in Cameco by 3.1% during the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock worth $387,000 after acquiring an additional 107 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Cameco by 0.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 15,123 shares of the basic materials company’s stock worth $1,540,000 after buying an additional 125 shares during the period. QRG Capital Management Inc. increased its stake in Cameco by 4.1% in the 1st quarter. QRG Capital Management Inc. now owns 3,414 shares of the basic materials company’s stock worth $371,000 after acquiring an additional 134 shares during the last quarter. Novem Group lifted its holdings in shares of Cameco by 5.1% in the 3rd quarter. Novem Group now owns 2,854 shares of the basic materials company’s stock worth $247,000 after acquiring an additional 138 shares during the last quarter. Finally, Montag A & Associates Inc. boosted its position in Cameco by 7.8% in the 1st quarter. Montag A & Associates Inc. now owns 1,940 shares of the basic materials company’s stock valued at $211,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CCJ shares. Weiss Ratings raised Cameco from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Barclays decreased their price objective on Cameco from $97.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, October 19th. Citigroup reiterated a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Truist Financial dropped their price objective on shares of Cameco from $130.00 to $125.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Finally, Wall Street Zen lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $147.93.

Cameco Company Profile

Cameco Corporation is a Canadian uranium company that explores for, mines, processes and supplies uranium used to generate nuclear power. The company produces uranium concentrates, commonly known as yellowcake, which are sold to nuclear utilities and other customers for conversion into nuclear fuel.

Cameco’s principal mining operations are located in northern Saskatchewan, including the McArthur River and Cigar Lake mines. It also operates the Key Lake uranium mill and has interests in uranium assets in Kazakhstan through the Inkai joint venture.