Cameco Corp. [NYSE: CCJ] stock went on a downward path that fall over -2.14% on Tuesday, amounting to a one-week price increase of more than 9.61%.
Over the last 12 months, CCJ stock rose by 48.42%. The one-year Cameco Corp. stock forecast points to a potential upside of 3.82. The average equity rating for CCJ stock is currently 1.19, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $24.67 billion, with 434.18 million shares outstanding and 433.53 million shares in the current float. Compared to the average trading volume of 4.53M shares, CCJ stock reached a trading volume of 4653265 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $58.93 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 1.19. 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.
Cantor Fitzgerald have made an estimate for Cameco Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 31, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 01, 2024, representing the official price target for Cameco Corp. stock.
The Average True Range (ATR) for Cameco Corp. is set at 1.90, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 12.61. The Price to Book ratio for the last quarter was 5.45, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for CCJ in the course of the last twelve months was 73.05 with Quick ratio for the last quarter at 1.48.
CCJ Stock Performance Analysis:
Cameco Corp. [CCJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.61. With this latest performance, CCJ shares gained by 23.16% in over the last four-week period, additionally plugging by 16.43% over the last 6 months – not to mention a rise of 48.42% 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 75.21, with the RSI for the last a single of trading hit 75.57, and the three-weeks RSI is set at 71.93 for Cameco Corp. [CCJ]. The present Moving Average for the last 50 days of trading for this stock 45.11, while it was recorded at 57.01 for the last single week of trading, and 46.67 for the last 200 days.
Insight into Cameco Corp. Fundamentals:
Cameco Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.48 and a Current Ratio set at 3.22.
CCJ Stock EPS
With the latest financial reports released by the company, Cameco Corp. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.15. 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.
Cameco Corp. [CCJ] Institutonal Ownership Details
There are presently around $78.60%, or 78.72%% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: FMR LLC with ownership of 37.72 million shares, which is approximately 10.6914%. MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., holding 17.24 million shares of the stock with an approximate value of $$847.84 million in CCJ stocks shares; and MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., currently with $$798.62 million in CCJ stock with ownership which is approximately 4.6007%.
