Cameco Corp. (CCJ) Outlook Starting To Look Brighter?

Cameco Corp. (CCJ) concluded trading on Thursday at a closing price of $40.36, with 3.28 million shares of worth about $132.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.68% during that period and on August 22, 2024 the price saw a loss of about -2.54%. Currently the company’s common shares owned by public are about 434.18M shares, out of which, 433.14M shares are available for trading.

Stock saw a price change of -1.03% in past 5 days and over the past one month there was a price change of -13.19%. Year-to-date (YTD), CCJ shares are showing a performance of -6.36% which increased to 11.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.15 but also hit the highest price of $56.24 during that period. The average intraday trading volume for Cameco Corp. shares is 3.55 million. The stock is currently trading -1.36% below its 20-day simple moving average (SMA20), while that difference is down -13.39% for SMA50 and it goes to -12.76% lower than SMA200.

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Cameco Corp. (NYSE: CCJ) currently have 434.18M outstanding shares and institutions hold larger chunk of about 77.13% of that.

The stock has a current market capitalization of $17.56B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 92.25, while it has posted earnings per share of $0.44 in the same period. It has Quick Ratio of 1.48 while making debt-to-equity ratio of 0.23. 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 2.73% while standing at 4.11% over the month.

Stock’s fiscal year EPS is expected to rise by 15.01% while it is estimated to increase by 96.21% in next year.

Coverage by Goldman stated Cameco Corp. (CCJ) stock as a Buy in their note to investors on April 01, 2024, suggesting a price target of $55 for the stock. Stock get an Outperform rating from BMO Capital Markets on November 08, 2023.

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