In the last trading session, 4.99 million Cameco Corporation (NYSE:CCJ) shares changed hands as the company’s beta touched 0.98. With the company’s per share price at $40.41 changed hands at $0.11 or 0.27% during last session, the market valuation stood at $17.34B. CCJ’s last price was a discount, traded about -3.07% off its 52-week high of $41.65. The share price had its 52-week low at $21.02, which suggests the last value was 47.98% up since then. When we look at Cameco Corporation’s average trading volume, we note the 10-day average is 4.73 million shares, with the 3-month average coming to 4.03 million.
Analysts gave the Cameco Corporation (CCJ) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended CCJ as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Cameco Corporation’s EPS for the current quarter is expected to be $Carnival Corporation.
Cameco Corporation (NYSE:CCJ) trade information
Instantly CCJ was in green as seen at the end of in last trading. With action 7.79%, the performance over the past five days has been green. The jump to weekly highs of 41.65 on Monday, 09/18/23 added 0.27% to the stock’s daily price. The company’s shares are showing year-to-date upside of 78.25%, with the 5-day performance at 7.79% in the green. However, in the 30-day time frame, Cameco Corporation (NYSE:CCJ) is 18.78% up. Looking at the short shares, we see there were 21.86 million shares sold at short interest cover period of 5.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is $41.59, meaning bulls need an upside of 2.84% from its current market value. According to analyst projections, CCJ’s forecast low is $36.08 with $48.89 as the target high. To hit the forecast high, the stock’s price needs a -20.98% plunge from its current level, while the stock would need to tank 10.72% for it to hit the projected low.
Cameco Corporation (CCJ) estimates and forecasts
Data shows that the Cameco Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 62.03% over the past 6 months, a 156.00% in annual growth rate that is considerably higher than the industry average of 8.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.10%. The 2023 estimates are for Cameco Corporation earnings to increase by 185.10%.
Cameco Corporation is expected to release its next quarterly earnings report in October. The 0.22% annual yield figure for the share gives it an annual dividend of 0.09. It is important to note, however, that the 0.22% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Cameco Corporation (NYSE:CCJ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.12% of Cameco Corporation shares while 72.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.46%. There are 72.36% institutions holding the Cameco Corporation stock share, with FMR, LLC the top institutional holder. As of Jun 29, 2023, the company held 5.20% of the shares, roughly 22.55 million CCJ shares worth $706.6 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 3.53% or 15.31 million shares worth $479.73 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Aug 30, 2023 were Global X Fds-Global X Uranium ETF and Capital World Growth and Income Fund. With 11.71 million shares estimated at $433.28 million under it, the former controlled 2.70% of total outstanding shares. On the other hand, Capital World Growth and Income Fund held about 2.64% of the shares, roughly 11.45 million shares worth around $358.6 million.