Insiders Are Betting on Cameco Corporation (CCJ) and AngloGold Ashanti Limited (AU)

The recent price movement of CCJ means that it is now down by -26.15% from its 52-week high and 19.93% up against its 52-week low prices. Over the past one week, the price volatility of CCJ stands at 4.52% while the volatility over the past one month is 3.19%. The beta score for this stock is 0.91. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/01/2019 published its latest quarterly earnings, with the report showing that the company recorded -0.06 earnings per share (EPS) during that period. This report was below the expectations of analysts of -0.01 by -0.05. The revenue by the firm was 252.94M for the quarter.

The shares of Cameco Corporation (CCJ) gained by 0.84%, leading to a gain of $0.08 per share, and saw CCJ end the trading session at $9.63 on Thursday 11/07/19. CCJ started the trading session at $9.63, before reaching a daily high of $9.74. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $9.52.

The trading volume on Thursday stood at 1234956, which was below the stock’s 3-month average volume of 2.23 million shares, out of a total 384.06M shares. As the price of the stock climbed, the market valuation of the company gained to 3.70 billion.

The shares of AngloGold Ashanti Limited (NYSE: AU) went down by -4.06% by the end of the recent trading session. This movement saw its price plunge to close at $19.15, which was lower than the previous closing price of $19.96. Over the past one week, the price of AU has slipped by -13.27%, while it has recorded a loss of -10.05% over the past one month. Its three-month performance saw AU lose -5.39% while its six-month performance saw it surge by 68.72%. The situation is different though over the past one year, as the stock price went up by 93.83%, while its year-to-date (YTD) price performance jumped by 52.59%. The stock price has gone up by +6.15% compared to its 90-day low, while it is down -19.71% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Hold. In the short-term, the stock has a 20-day average volume of 2,765,345 shares, with the short-term indicators averagely rating the stock as a 50% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 3,468,092 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see AU stock with a 100-Day average volume of 3,558,736 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves AU with an average rating of 48% Buy.

Several brokerage firms sent out their reports AU stock not long ago. In its report sent out on June 27, 2019, BMO Capital Markets lowered its ratings on AU from a Market Perform to a Outperform. In an earlier report on June 26, 2019, RBC Capital Mkts Upgrade the stock from a Sector Perform to a Outperform. Citigroup meanwhile in its report on November 06, 2018 Downgrade its rating of the stock from a “Sell” to “Sell”.

In related news to the company’s stock, around 38.90% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 210 institutions currently hold the AU stock. In the last quarter, a 151,614,967 AU shares were in the possession of institutions. On the other hand, the company recorded 27 new institutions who bought it their stock, while 45 institutions sold their entire AU reserve. Of the current institutions investing in the stock, 85 increased their investment while 106 decreased their investment in the stock.