Positives for Cameco Corp. (CCJ) as stock gains in recent trading

Cameco Corp. (NYSE: CCJ) is 19.14% higher on its value in year-to-date trading and has touched a low of $35.43 and a high of $56.24 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 $50.49 in the last trading session, with the day’s gains setting it 0.86%.

Currently trading at $51.35, the stock is 8.57% and 20.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.63 million and changing 1.70% at the moment leaves the stock 11.12% off its SMA200. CCJ registered 37.96% gain for a year compared to 6-month loss of 3.55%. The firm has a 50-day simple moving average (SMA 50) of $42.7178 and a 200-day simple moving average (SMA200) of $46.2127.

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The stock witnessed a 26.04% gain in the last 1 month and extending the period to 3 months gives it a -1.67%, and is -0.95% 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 2.87% over the week and 2.96% over the month.

Cameco Corp. (CCJ) has around 2638 employees, a market worth around $22.35B and $1.96B in sales. Current P/E ratio is 117.37 and Fwd P/E is 39.64. Profit margin for the company is 9.73%. Distance from 52-week low is 44.93% and -8.69% from its 52-week high. The company has generated returns on investments over the last 12 months (3.42%).

with sales reaching $538.23M over the same period.The EPS is expected to grow by 10.43% this year, but quarterly earnings will post 15.20% year-over-year.

Cameco Corp. (CCJ) Top Institutional Holders

1000.0 institutions hold shares in Cameco Corp. (CCJ), with institutional investors hold 76.20% of the company’s shares. The shares outstanding are 434.18M, and float is at 433.53M with Short Float at 4.33%. Institutions hold 76.09% of the Float.

The top institutional shareholder in the company is FMR LLC with over 37.72 million shares valued at $1.86 billion. The investor’s holdings represent 10.6914% of the CCJ Shares outstanding. As of 2024-06-30, the second largest holder is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with 17.24 million shares valued at $847.84 million to account for 4.8852 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.23 million shares representing 4.6007% and valued at over $798.62 million, while CAPITAL WORLD INVESTORS holds 3.8861 of the shares totaling 13.71 million with a market value of $674.59 million.