Cameco Corp. (CCJ) concluded trading on 12/06/23 at a closing price of $44.89, with 3.58 million shares of worth about $160.84 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.59% during that period and on Wednesday the price saw a loss of about -1.82%. Currently the company’s common shares owned by public are about 432.52M shares, out of which, 431.92M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the CCJ stock and their offered price forecasts bring an average price target of $50.31. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $55.21 and could fall to a lowest price of $47.54. The stock’s current price level is 10.74% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.57% for the stock. However, touching the estimated high of $55.21 would mean a gain of 18.69% for the stock.
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Global X Uranium ETF, American Funds Capital World Grow, and Fidelity Canadian Growth Company are the top 3 mutual funds which are holding stakes in Cameco Corp. Global X Uranium ETF is currently holding 12.98 million shares of worth totaling $531.02 million. The company recently came buying 4680.0 shares which brought its stake up to 3.00% of the company’s outstanding shares. American Funds Capital World Grow sold 8699.0 shares, after which its hold over company’s outstanding shares shrunk to 2.64%, leaving 11.44 million shares with the mutual fund that have a worth of about $467.9 million. Fidelity Canadian Growth Company, after buying 7.55 million shares, have now control over 1.74% of the stake in the company. It holds 0.59 million shares of worth $308.95 million.
Cameco Corp. (NYSE: CCJ) started trading at $45.67, below -$0.05 from concluding price of the previous day. Stock saw a price change of 1.58% in past 5 days and over the past one month there was a price change of 10.00%. Year-to-date (YTD), CCJ shares are showing a performance of 98.01% which increased to 98.19% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.22 but also hit the highest price of $46.76 during that period. The average intraday trading volume for Cameco Corp. shares is 5.21 million. The stock is currently trading 1.57% above its 20-day simple moving average (SMA20), while that difference is up 9.89% for SMA50 and it goes to 35.86% higher than SMA200.
Cameco Corp. (NYSE: CCJ) currently have 432.52M outstanding shares and institutions hold larger chunk of about 77.19% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $19.48B and its 3Y-monthly beta is at 0.97. PE ratio of stock for trailing 12 months is 99.03, while it has posted earnings per share of $0.45 in the same period. It has Quick Ratio of 3.31 while making debt-to-equity ratio of 0.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CCJ, volatility over the week remained 3.02% while standing at 3.04% over the month.
Analysts are in expectations that Cameco Corp. (CCJ) stock would likely to be making an EPS of $0.14 in the current quarter, while forecast for next quarter EPS is $0.23 and it is $1.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.06 which is $0.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 154.26% while it is estimated to increase by 135.38% in next year.
Analysts at 14 brokerage firms have issued recommendations for the Cameco Corp. (CCJ)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.21. Out of those 14 Wall Street analysts, 12 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
