With over 4.99 million Cameco Corporation (CCJ) shares trading Monday and a closing price of $40.41 on the day, the dollar volume was approximately $201.65 million. The shares have shown a positive half year performance of 62.03% and its price on 09/18/23 gained nearly 0.27%. Currently, there are 433.10M common shares owned by the public and among those 432.75M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for CCJ have a consensus price objective of $41.59. The analysts have set the share’s price value over the next 12 months at a high of $48.89 and a low of $36.08. The average price target is 0.02% above its recent price level and a downside to the estimated low will see the stock lose -12.0% over that period. But an upside of 17.35% will see the stock hit the forecast high price target while median target price for the stock is $41.24.
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The top 3 mutual fund holders in Cameco Corporation are Global X Uranium ETF, American Funds Capital World Grow, and Fidelity Canadian Growth Company. Global X Uranium ETF owns 12.0 million shares of the company’s stock, all valued at over $444.13 million. The company bought an additional 0.29 million shares recently to bring their total holdings to about 2.77% of the shares outstanding. Fidelity Canadian Growth Company sold -0.11 million shares to bring its total holdings to over 5.99 million shares at a value of $221.45 million. Fidelity Canadian Growth Company now owns shares totaling to 1.38% of the shares outstanding.
Shares of Cameco Corporation (NYSE: CCJ) opened at $40.43, up $0.13 from a prior closing price of $40.30. The company’s stock has a 5-day price change of 7.79% and 27.24% over the past three months. CCJ shares are trading 78.25% year to date (YTD), with the 12-month market performance up to 39.83% higher. It has a 12-month low price of $21.02 and touched a high of $41.65 over the same period. CCJ has an average intraday trading volume of 4.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.88%, 16.32%, and 41.18% respectively.
Institutional ownership of Cameco Corporation (NYSE: CCJ) shares accounts for 70.10% of the company’s 433.10M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $17.34B and a beta (3y monthly) value of 0.98. The stock’s trailing 12-month PE ratio is 247.91, while the earnings-per-share (ttm) stands at $0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.98% over the week and 2.63% over the month.
Analysts forecast that Cameco Corporation (CCJ) will achieve an EPS of $0.09 for the current quarter, $0.18 for the next quarter and $1.17 for 2024. The lowest estimate earnings-per-share for the quarter is $0.05 while analysts give the company a high EPS estimate of $0.13. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 185.10%, and 109.93% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Cameco Corporation (CCJ) as a “Strong Buy” at a consensus score of 1.60. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 2 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
