During the recent session, Cameco Corp (NYSE:CCJ)’s traded shares were 1.34 million, with the beta value of the company hitting 0.95. At the last check today, the stock’s price was $56.40, reflecting an intraday loss of -0.81% or -$0.46. The 52-week high for the CCJ share is $62.55, that puts it down -10.9 from that peak though still a striking 37.18% gain since the share price plummeted to a 52-week low of $35.43. The company’s market capitalization is $24.54B, and the average intraday trading volume over the past 10 days was 4.22 million shares, and the average trade volume was 3.98 million shares over the past three months.
Cameco Corp (CCJ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.25. CCJ has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.33.
Cameco Corp (NYSE:CCJ) trade information
Cameco Corp (CCJ) registered a -0.81% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.81% in intraday trading to $56.40, hitting a weekly high. The stock’s 5-day price performance is 13.92%, and it has moved by 7.55% in 30 days. Based on these gigs, the overall price performance for the year is 19.19%. The short interest in Cameco Corp (NYSE:CCJ) is 16.75 million shares and it means that shorts have 4.82 day(s) to cover.
The consensus price target of analysts on Wall Street is $30.24, which implies a decrease of -86.51% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30.23840614 and $55 respectively. As a result, CCJ is trading at a premium of 2.48% off the target high and 46.39% off the low.
Cameco Corp (CCJ) estimates and forecasts
Statistics show that Cameco Corp has underperformed its competitors in share price, compared to the industry in which it operates. Cameco Corp (CCJ) shares have gone up 21.32% during the last six months, with a year-to-date growth rate less than the industry average at -17.54% against 9.30. In the rating firms’ projections, revenue will increase 15.83% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.09B as predicted by 4 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 936.68M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 844M and 634M respectively. In this case, analysts expect current quarter sales to grow by 28.92% and then jump by 47.74% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 13.73%. While earnings are projected to return -25.60% in 2025, the next five years will return 65.00% per annum.
CCJ Dividends
Cameco Corp is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Cameco Corp is 0.11, with the dividend yield indicating at 0.20 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.34%.
Cameco Corp (NYSE:CCJ)’s Major holders
Cameco Corp insiders own 0.15% of total outstanding shares while institutional holders control 74.04%, with the float percentage being 74.15%. FMR LLC is the largest shareholder of the company, while 1052.0 institutions own stock in it. As of 2024-06-30, the company held over 37.72 million shares (or 10.6914% of all shares), a total value of $1.86 billion in shares.
The next largest institutional holding, with 17.24 million shares, is of MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.’s that is approximately 4.8852% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $847.84 million.
Also, the Mutual Funds coming in first place with the largest holdings of Cameco Corp (CCJ) shares are Global X Fds-Global X Uranium ETF and Capital World Growth and Income Fund. Data provided on Nov 30, 2024 indicates that Global X Fds-Global X Uranium ETF owns about 16.74 shares. This amounts to just over 3.85 percent of the company’s overall shares, with a $940.18 million market value. The same data shows that the other fund manager holds slightly less at 11.41, or about 2.62% of the stock, which is worth about $640.93 million.
