Cameco (NYSE:CCJ) Stock Sees Unusually High Put Option Buying

Cameco Corporation (NYSE:CCJ) (TSE:CCO) was the recipient of some unusual options trading on Friday. Investors purchased 49,822 put options on the company. This is an increase of 105% compared to the average daily volume of 24,322 put options.

Cameco Price Performance

Shares of NYSE CCJ traded down $6.62 during midday trading on Friday, hitting $76.87. The company had a trading volume of 9,550,209 shares, compared to its average volume of 3,527,611. The company has a quick ratio of 2.10, a current ratio of 3.06 and a debt-to-equity ratio of 0.14. Cameco has a twelve month low of $73.89 and a twelve month high of $135.24. The business has a 50-day simple moving average of $90.63 and a two-hundred day simple moving average of $104.19. The firm has a market capitalization of $33.48 billion, a price-to-earnings ratio of 130.29, a price-to-earnings-growth ratio of 1.69 and a beta of 1.17.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Friday, October 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.13). Cameco had a return on equity of 7.59% and a net margin of 10.20%. During the same quarter last year, the business earned $0.07 EPS. Cameco’s quarterly revenue was up .7% on a year-over-year basis. Equities research analysts anticipate that Cameco will post 1.08 earnings per share for the current year.

Trending Headlines about 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.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC acquired a new stake in shares of Cameco in the 1st quarter worth about $30,000. CX Institutional lifted its position in Cameco by 2,181.2% in the 3rd quarter. CX Institutional now owns 365 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 349 shares during the last quarter. Signature Equity Partners LLC lifted its position in Cameco by 55.8% in the 3rd quarter. Signature Equity Partners LLC now owns 444 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 159 shares during the last quarter. Western Wealth Management LLC acquired a new position in Cameco during the 1st quarter valued at about $39,000. Finally, Trust Co. of Vermont acquired a new position in Cameco during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CCJ shares. Bank of America reduced their price target on shares of Cameco from $143.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Jefferies Financial Group assumed coverage on shares of Cameco in a research note on Thursday, September 3rd. They issued a “buy” rating and a $138.00 target price for the company. Wall Street Zen cut Cameco from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Citigroup reissued a “positive” rating on shares of Cameco in a report on Wednesday, July 15th. Finally, Barclays decreased their price target on Cameco from $97.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, October 19th. Twelve equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average 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.