In the latest trading session, 1.9 million Cameco Corp. (NYSE:CCJ) shares changed hands as the company’s beta touched 0.90. With the company’s most recent per share price at $55.47 changed hands at -$2.45 or -4.22% at last look, the market valuation stands at $24.14B. CCJ’s current price is a discount, trading about -5.86% off its 52-week high of $58.72. The share price had its 52-week low at $35.43, which suggests the last value was 36.13% up since then. When we look at Cameco Corp.’s average trading volume, we note the 10-day average is 5.09 million shares, with the 3-month average coming to 4.53 million.

Analysts gave the Cameco Corp. (CCJ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.19. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CCJ as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Cameco Corp.’s EPS for the current quarter is expected to be 0.18.

Cameco Corp. (NYSE:CCJ) trade information

Instantly CCJ was in red as seen in intraday trades today. With action 7.28%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 28.71%, with the 5-day performance at 7.28% in the green. However, in the 30-day time frame, Cameco Corp. (NYSE:CCJ) is 20.55% up. Looking at the short shares, we see there were 18.76 million shares sold at short interest cover period of 4.17 days.

The consensus price target for the stock as assigned by Wall Street analysts is 30.24, meaning bulls need a downside of -83.43% from its recent market value. According to analyst projections, CCJ’s forecast low is 30.23840614 with 55 as the target high. To hit the forecast high, the stock’s price needs a 0.85% surge from its current level, while the stock would need to tank 45.49% for it to hit the projected low.

Cameco Corp. (CCJ) estimates and forecasts

Data shows that the Cameco Corp. 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 13.96% over the past 6 months, a 45.61% in annual growth rate that is considerably higher than the industry average of 16.20%. Year-over-year growth is forecast to reach 14.50% up from the last financial year.

Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 537.18M. 3 analysts are of the opinion that Cameco Corp.’s revenue for the current quarter will be 752.1M. The estimates for the next quarter sales put growth at 22.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 13.73%. The 2024 estimates are for Cameco Corp. earnings to increase by 10.70%.

CCJ Dividends

Cameco Corp. is expected to release its next quarterly earnings report on 2024-Nov-07. The 0.16% annual yield figure for the share gives it an annual dividend of 0.09. It is important to note, however, that the 0.16% 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. During the past 5 years, the average dividend yield was 0.36 per year.

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

If we look at who the major shareholders are, we find that insiders hold 0.16% of Cameco Corp. shares while 78.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.72%. There are 78.60% institutions holding the Cameco Corp. stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 10.6914% of the shares, roughly 37.72 million CCJ shares worth $1.86 billion.

MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. holds the second largest percentage of outstanding shares, with 4.8852% or 17.24 million shares worth $847.84 million as of 2024-06-30.