An open pit mine, Canada. On CNBC’s Options Action, Mike Khouw of Optimize Advisors said Cameco traded at 1.5x its average daily call volume, with calls outpacing puts by around 5 to 1 on Tuesday. Analysts expect the company to report quarterly earnings at 10 cents per share on revenue of $355.27 million. JEFF ANDERS. UNSPLASH.
Cameco Corporation (NYSE: CCJ) is expected to report quarterly earnings on Aug. 2.
According to Cameco.com, Cameco is one of the largest global providers of the uranium fuel needed to energize a clean-air world.
“Utilities around the world rely on our nuclear fuel products to generate safe, reliable, emissions-free nuclear power.”
“Together, we are meeting the ever-increasing demand for clean, baseload electricity while delivering energy solutions to support the world’s net-zero goals,” said Cameco.
On CNBC’s “Options Action,” Mike Khouw of Optimize Advisors said Cameco traded at 1.5x its average daily call volume, with calls outpacing puts by around 5 to 1 on Tuesday. Options markets are implying a move of around +/-5.2% by the end of the week.
There was a buyer of 1,000 of the Aug. 4 weekly 36-calls at an average price of 34 cents per contract, Khouw mentioned.
Traders expect Cameco’s stock to move higher through Friday’s close.
Analysts expect the company to report quarterly earnings at 10 cents per share on revenue of $355.27 million.
Price Action: Cameco shares fell 1.8% to close at $34.54 on Tuesday, and added 1.5% in today’s pre-market trading session.
“Cameco has interests in tier-one mining and milling operations that have the licensed capacity to produce more than 30 million pounds (our share) of uranium concentrates annually, backed by more than 469 million pounds (our share) of proven and probable mineral reserves,” said Cameco. “We are also a leading supplier of uranium refining, conversion, and fuel manufacturing services.”
The company is one of Canada’s largest employers of Indigenous people, and the land holdings, including exploration, span about 1.9 million acres, the majority near the company’s existing operations in northern Saskatchewan, explained Cameco.
Produced in association with Benzinga
Edited by Priscilla Jepchumba and Judy J. Rotich
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