Cameco Corp. [NYSE: CCJ] traded at a high on Wednesday, posting a 9.66 gain after which it closed the day’ session at $53.72.
The results of the trading session contributed to over 5833180 shares changing hands. Over the past one week, the price volatility of Cameco Corp. stands at 3.91% while the volatility over the past one month is 3.39%.
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The market cap for CCJ stock reached $23.35 billion, with 434.18 million shares outstanding and 433.23 million shares in the current float. Compared to the average trading volume of 3.47M shares, CCJ reached a trading volume of 5833180 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $57.23 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 1.94, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 12.44. The Price to Book ratio for the last quarter was 5.16, 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 97.62 with Quick ratio for the last quarter at 0.69.
How has CCJ stock performed recently?
Cameco Corp. [CCJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.02. With this latest performance, CCJ shares gained by 0.60% in over the last four-week period, additionally plugging by 25.78% over the last 6 months – not to mention a rise of 77.00% 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 58.33, with the RSI for the last a single of trading hit 63.31, and the three-weeks RSI is set at 56.25 for Cameco Corp. [CCJ]. The present Moving Average for the last 50 days of trading for this stock 51.48, while it was recorded at 50.39 for the last single week of trading, and 45.50 for the last 200 days.
Cameco Corp. [CCJ]: Deeper insight into the fundamentals
Cameco Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.42.
Earnings analysis for Cameco Corp. [CCJ]
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 78.70%.
Insider trade positions for 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CCJ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CCJ stock with ownership which is approximately 5.1238%.