Cameco Corporation (CCJ) : During the past 4 weeks, traders have been relatively bearish on Cameco Corporation (CCJ), hence the stock is down -12.12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.84% relative to the S&P 500. The 4-week change in the price of the stock is -9.93% and the stock has fallen -0.42% in the past 1 week.
Cameco Corporation (NYSE:CCJ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.43 and $9.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.52, notching a gain of 0.95% for the day. The total traded volume was 1,475,270 . The stock had closed at $9.43 on the previous day.
The stock has recorded a 20-day Moving Average of 7.2% and the 50-Day Moving Average is 12.3%. Cameco Corporation has dropped 17.49% during the last 3-month period . Year-to-Date the stock performance stands at -21.77%.
Cameco Corporation (CCJ) : The consensus price target for Cameco Corporation (CCJ) is $13.73 for the short term with a standard deviation of $3.17. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $9.
Cameco Corporation (Cameco) is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: Uranium, fuel services and NUKEM. The uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration, development, mining and milling activities through joint operations located around the world. Camecos Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake.