Cameco Corp. [NYSE: CCJ] loss -5.21% on the last trading session, reaching $50.81 price per share at the time.
If compared to the average trading volume of 4.05M shares, CCJ reached a trading volume of 4442942 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Cameco Corp. [CCJ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCJ shares is $56.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCJ stock is a recommendation set at 1.38. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Cameco Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 01, 2024. The new note on the price target was released on December 19, 2023, representing the official price target for Cameco Corp. stock.
The Average True Range (ATR) for Cameco Corp. is set at 1.99, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 11.75. The Price to Book ratio for the last quarter was 4.88, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for CCJ in the course of the last twelve months was 92.24 with Quick ratio for the last quarter at 0.69.
Trading performance analysis for CCJ stock
Cameco Corp. [CCJ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.24. With this latest performance, CCJ shares dropped by -0.20% in over the last four-week period, additionally plugging by 12.69% over the last 6 months – not to mention a rise of 65.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCJ stock in for the last two-week period is set at 44.92, with the RSI for the last a single of trading hit 38.04, and the three-weeks RSI is set at 48.73 for Cameco Corp. [CCJ]. The present Moving Average for the last 50 days of trading for this stock 50.62, while it was recorded at 53.51 for the last single week of trading, and 44.26 for the last 200 days.
Cameco Corp. [CCJ]: A deeper dive into fundamental analysis
Cameco Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.42.
Cameco Corp. [CCJ]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cameco Corp. go to 48.31%.
An analysis of Institutional ownership at Cameco Corp. [CCJ]
The top three institutional holders of CCJ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CCJ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CCJ stock with ownership which is approximately 5.8386%.