It’s Time to Buy the Dip in Cameco Corporation [CCJ] Stock

Over the past three months, Cameco Corporation [CCJ] ended the trading day at $12.15 and exhibited a change of 0.00% with a 24 hour trading and reached upto the volume of 2.15M compared to its recorded trading volume of 5.6 million. CCJ generated a 1 year amount change with 33.22%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 22.48% with an amount shift of 30.36% over the last month.

On 4, November 2020, Cameco reports third quarter results – well positioned with strengthened balance sheet, supported by Cigar Lake restart. According to news published on Yahoo Finance, Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the third quarter ended September 30, 2020 in accordance with International Financial Reporting Standards (IFRS).

Analyst Birdseye View:

The most recent analyst activity for Cameco Corporation [NYSE:CCJ] stock was on May 02, 2019, when it was Downgrade with a Hold rating from TD Securities. On September 28, 2018, Scotia Howard Weil Upgrade a Sector perform rating. On May 22, 2018, RBC Capital Mkts Downgrade a Sector perform rating. On October 20, 2017, RBC Capital Mkts Reiterated an Outperform rating and decreased its price target to $16. On August 15, 2017, Raymond James Resumed an Outperform rating. On July 18, 2017, Credit Suisse Downgrade an Underperform rating. BofA/Merrill elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $5.30 and a peak of $12.65. At the most recent market close, shares of Cameco Corporation [NYSE:CCJ] were valued at $12.15.

FUNDAMENTAL ANALYSIS

Cameco Corporation [NYSE:CCJ] most recently reported quarterly sales of 378.87 billion, which represented growth of 25.00%. This publicly-traded organization’s revenue is $988,289 per employee, while its income is $39,257 per employee. This company’s Gross Margin is currently 8.60%, its Operating Margin is 1.60%, its Pretax Margin is +4.81, and its Net Margin is +3.97. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.96, 1.48, 1.20 and 1.23 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 16.81 and the whole liability to whole assets at 13.59. It shows enduring liability to the whole principal at 16.75 and enduring liability to assets at 0.14 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 11.89 points at 1st support level, the second support level is making up to 11.63. But as of 1st resistance point, this stock is sitting at 12.43 and at 12.71 for 2nd resistance point.

Cameco Corporation [CCJ] reported its earnings at $0.36 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at $0.28/share signifying the difference of 0.08 and 28.60% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were -$0.1 calling estimates for $0.04/share with the difference of -0.14 depicting the surprise of -350.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Cameco Corporation [NYSE:CCJ] is 4.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 3.83. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.45 and it’s amount to book ratio is 0.91.