Cameco Corp. (NYSE:CCJ) Jump 2.38%, More Rally Possible

In last trading session, Cameco Corp. (NYSE:CCJ) saw 6.03 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $58.02 trading at $1.35 or 2.38% at ring of the bell on the day assigns it a market valuation of $25.25B. That closing price of CCJ’s stock is at a premium of 0.81% from its 52-week high price of $57.55 and is indicating a premium of 38.93% from its 52-week low price of $35.43. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.16 million shares which gives us an average trading volume of 4.49 million if we extend that period to 3-months.

For Cameco Corp. (CCJ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.19. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Cameco Corp. (NYSE:CCJ) trade information

Upright in the green during last session for gaining 2.38%, in the last five days CCJ remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $58.02 price level, adding 1.07% to its value on the day. Cameco Corp.’s shares saw a change of 34.62% in year-to-date performance and have moved 12.99% in past 5-day. Cameco Corp. (NYSE:CCJ) showed a performance of 41.24% in past 30-days. Number of shares sold short was 18.76 million shares which calculate 4.17 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 30.24 to the stock, which implies a fall of -91.88% to its current value. Analysts have been projecting 30.23840614 as a low price target for the stock while placing it at a high target of 55. It follows that stock’s current price would jump 47.88% in reaching the projected high whereas dropping to the targeted low would mean a gain of 47.88% for stock’s current value.

Cameco Corp. (CCJ) estimates and forecasts

Statistics highlight that Cameco Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 20.62% of value to its shares in past 6 months, showing an annual growth rate of 45.61% while that of industry is 15.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.73% during past 5 years.

CCJ Dividends

Cameco Corp. is more likely to be releasing its next quarterly report on 2024-Oct-29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.15%, the share has a forward dividend of 0.09 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.36%.

Cameco Corp. (NYSE:CCJ)’s Major holders

Insiders are in possession of 0.15% of company’s total shares while institution are holding 78.59 percent of that, with stock having share float percentage of 78.71%. Investors also watch the number of corporate investors in a company very closely, which is 78.59% institutions for Cameco Corp. that are currently holding shares of the company. FMR LLC is the top institutional holder at CCJ for having 37.72 million shares of worth $1.86 billion. And as of 2024-06-30, it was holding 10.6914 of the company’s outstanding shares.

The second largest institutional holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., which was holding about 17.24 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.8852 of outstanding shares, having a total worth of $847.84 million.