Stocks of Cameco Corporation (CCJ) are poised to climb above their peers

Cameco Corporation (NYSE: CCJ) stock fell -1.66% on Wednesday to $27.85 against a previous-day closing price of $28.32. With 4.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.78 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $28.27 whereas the lowest price it dropped to was $27.53. The 52-week range on CCJ shows that it touched its highest point at $31.29 and its lowest point at $20.34 during that stretch. It currently has a 1-year price target of $36.95. With its current market cap of 12.22 billion, CCJ has annualized dividend of $0.09 while the current yield stands at 0.32%. Beta for the stock currently stands at 0.95.

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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 2.09%, but this was up by 6.70% over a month. Three-month performance surged to 2.81% while six-month performance rose 20.67%. The stock gained 15.46% in the past year, while it has gained 22.85% so far this year. A look at the trailing 12-month EPS for CCJ yields 0.29 with Next year EPS estimates of 1.61. For the next quarter, that number is 0.14. This implies an EPS growth rate of 185.10% for this year and 56.38% for next year.

Float and Shares Shorts:

At present, 432.85 million CCJ shares are outstanding with a float of 432.02 million shares on hand for trading. On Apr 27, 2023, short shares totaled 15.72 million, which was 3.63% higher than short shares on Mar 30, 2023. In addition to Mr. Timothy S. Gitzel as the firm’s Pres, CEO & Director, Dr. Grant E. Isaac serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 69.59% 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 2.65% stake in CCJ, the American Funds Capital World Grow is the largest stakeholder. A total of 11,446,000 shares are owned by the mutual fund manager. The Global X Uranium ETF, which owns about 2.62% of CCJ stock, is the second-largest Mutual Fund holder. It holds 11,348,201 shares valued at 311.96 million. Vanguard Total International Stoc holds 1.32% of the stake in CCJ, owning 5,685,949 shares worth 156.31 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, CCJ reported revenue of $557.58M and operating income of $84.08M. The EBITDA in the recently reported quarter was $172.37M and diluted EPS was $0.21.

Analysts Ratings:

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.

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