Cameco Corporation (NYSE: CCJ) stock jumped 1.26% on Wednesday to $24.20 against a previous-day closing price of $23.90. With 2.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.59 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $24.29 whereas the lowest price it dropped to was $23.77. The 52-week range on CCJ shows that it touched its highest point at $32.49 and its lowest point at $18.03 during that stretch. It currently has a 1-year price target of $32.93. With its current market cap of 10.38 billion, CCJ has annualized dividend of $0.10 while the current yield stands at 0.39%. Beta for the stock currently stands at 0.87.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCJ was up-trending over the past week, with a rise of 0.88%, but this was down by -1.43% over a month. Three-month performance dropped to -11.19% while six-month performance rose 0.50%. The stock lost -4.95% in the past year, while it has gained 10.96% so far this year. A look at the trailing 12-month EPS for CCJ yields 0.22 with Next year EPS estimates of 0.86. For the next quarter, that number is 0.08. This implies an EPS growth rate of -92.10% for this year and 169.47% for next year.
Float and Shares Shorts:
At present, 432.50 million CCJ shares are outstanding with a float of 431.58 million shares on hand for trading. On Oct 13, 2022, short shares totaled 16.89 million, which was 4.24% higher than short shares on Sep 14, 2022. In addition to Mr. Timothy S. Gitzel as the firm’s Pres, CEO & Director, Dr. Grant E. Isaac serves as its Sr. VP & CFO.
Through their ownership of 67.52% of CCJ’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of CCJ, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 3.69% stake in CCJ, the Global X Uranium ETF is the largest stakeholder. A total of 14,698,905 shares are owned by the mutual fund manager. The American Funds Capital World Grow, which owns about 2.20% of CCJ stock, is the second-largest Mutual Fund holder. It holds 8,769,500 shares valued at 208.01 million. T Rowe Price Mid Cap Value Fund holds 1.81% of the stake in CCJ, owning 7,224,912 shares worth 171.37 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCJ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.