In the last trading session, 8.22 million Cameco Corporation (NYSE:CCJ) shares changed hands as the company’s beta touched 0.94. With the company’s per share price at $23.12 changed hands at $0.16 or 0.70% during last session, the market valuation stood at $9.54B. CCJ’s last price was a discount, traded about -40.53% off its 52-week high of $32.49. The share price had its 52-week low at $15.34, which suggests the last value was 33.65% up since then. When we look at Cameco Corporation’s average trading volume, we note the 10-day average is 4.9 million shares, with the 3-month average coming to 6.56 million.
Analysts gave the Cameco Corporation (CCJ) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.60. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended CCJ as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Cameco Corporation’s EPS for the current quarter is expected to be $0.
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Instantly CCJ was in green as seen at the end of in last trading. With action -2.36%, the performance over the past five days has been red. The jump to weekly highs of 24.07 on Tuesday, 07/26/22 added 0.70% to the stock’s daily price. The company’s shares are showing year-to-date upside of 6.01%, with the 5-day performance at -2.36% in the red. However, in the 30-day time frame, Cameco Corporation (NYSE:CCJ) is 2.76% up. Looking at the short shares, we see there were 9.34 million shares sold at short interest cover period of 1.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is $34.20, meaning bulls need an upside of 32.4% from its current market value. According to analyst projections, CCJ’s forecast low is $29.36 with $37.45 as the target high. To hit the forecast high, the stock’s price needs a -61.98% plunge from its current level, while the stock would need to soar -26.99% 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 15.31% over the past 6 months, a 165.00% in annual growth rate that is considerably higher than the industry average of 15.30%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Cameco Corporation will rise 100.00%, while the growth in revenue is estimated to hit 127.30% for the next quarter. Year-over-year growth is forecast to reach 16.30% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $391.42 million. 1 analysts are of the opinion that Cameco Corporation’s revenue for the quarter ending Sep 2022 will be $323.53 million.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -10.60%. The 2022 estimates are for Cameco Corporation earnings to decrease by -92.10%.
Cameco Corporation is expected to release its next quarterly earnings report between February 08 and February 14. The 0.41% annual yield figure for the share gives it an annual dividend of 0.10. It is important to note, however, that the 0.41% 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 66.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.28%. There are 66.20% institutions holding the Cameco Corporation stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Dec 30, 2021, the company held 4.35% of the shares, roughly 17.33 million CCJ shares worth $377.89 million.
Mirae Asset Global Investments Co., Ltd. holds the second largest percentage of outstanding shares, with 4.28% or 17.07 million shares worth $496.7 million as of Mar 30, 2022.
Among Mutual Funds, the top two as of Jan 30, 2022 were Global X Fds-Global X Uranium ETF and Price (T.Rowe) Mid-Cap Value Fund. With 13.21 million shares estimated at $256.71 million under it, the former controlled 3.32% of total outstanding shares. On the other hand, Price (T.Rowe) Mid-Cap Value Fund held about 2.66% of the shares, roughly 10.58 million shares worth around $230.78 million.