Cameco Corp. (CCJ): These Numbers Show Where NYSE:CCJ Stock Is Going Next

Cameco Corp. (NYSE: CCJ) is 2.23% higher on its value in year-to-date trading and has touched a low of $23.69 and a high of $51.33 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CCJ stock was last observed hovering at around $44.72 in the last trading session, with the day’s loss setting it -0.66%.

Currently trading at $44.06, the stock is -7.49% and -3.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.86 million and changing -1.48% at the moment leaves the stock 17.85% off its SMA200. CCJ registered 61.27% gain for a year compared to 6-month gain of 28.87%. The firm has a 50-day simple moving average (SMA 50) of $7.78 and a 200-day simple moving average (SMA200) of $25.19.

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The stock witnessed a -2.41% loss in the last 1 month and extending the period to 3 months gives it a 8.92%, and is -10.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.90% over the week and 3.88% over the month.

Cameco Corp. (CCJ) has around Nov 29 2023 employees, a market worth around $19.12B and $1.92B in sales. Current P/E ratio is 71.63 and Fwd P/E is 26.76. Profit margin for the company is 13.96%. Distance from 52-week low is 85.99% and -14.16% from its 52-week high. The company has generated returns on investments over the last 12 months (4.77%).

Cameco Corp. quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $505.04M over the same period.The EPS is expected to grow by 94.66% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to shrink -5.00% in year-over-year returns.

Cameco Corp. (CCJ) Top Institutional Holders

890 institutions hold shares in Cameco Corp. (CCJ), with institutional investors hold 75.77% of the company’s shares. The shares outstanding are 434.18M, and float is at 432.01M with Short Float at 2.90%. Institutions hold 75.68% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 22.55 million shares valued at $706.6 million. The investor’s holdings represent 5.20% of the CCJ Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 15.31 million shares valued at $479.73 million to account for 3.53% of the shares outstanding. The other top investors are Capital World Investors which holds 14.28 million shares representing 3.29% and valued at over $447.44 million, while Mirae Asset Global Investments Co., Ltd. holds 2.87% of the shares totaling 12.44 million with a market value of $389.84 million.

Cameco Corp. (CCJ): Who are the competitors?

The company’s main competitors (and peers) include BHP Group Ltd. ADR (BHP) that is trading -9.83% down over the past 12 months. Denison Mines Corp. (DNN) that is 51.13% higher over the same period.