A share price of Cameco Corp. [CCJ] is currently trading at $41.95, up 2.04%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CCJ shares have gain 2.89% over the last week, with a monthly amount drifted -0.87%, and not seem to be holding up well over a long-time horizon.
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On 8, February 2024, Cameco Announces 2023 Results; Strategically Positioned to Increase Tier-One Production as Security of Supply Contracting Cycle Advances; Maintaining Disciplined Financial Management and Growth; Improving Westinghouse Outlook. In a post published today on Yahoo Finance, Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2023, in accordance with International Financial Reporting Standards (IFRS).
From an analyst’s perspective:
Cameco Corp. [NYSE: CCJ] stock has seen the most recent analyst activity on December 19, 2023, when Cantor Fitzgerald downgraded its rating to a Neutral. Cantor Fitzgerald upgraded its rating to a Buy. RBC Capital Mkts upgraded its rating to a Outperform. BMO Capital Markets upgraded its rating to Outperform for this stock on March 31, 2022. In a note dated November 03, 2021, BofA Securities upgraded an Buy rating on this stock but restated the target price of $32.
Cameco Corp. experienced fluctuations in its stock price throughout the past year between $23.73 and $51.33. Currently, Wall Street analysts expect the stock to reach $30.24 within the next 12 months. Cameco Corp. [NYSE: CCJ] shares were valued at $41.95 at the most recent close of the market. An investor can expect a potential drop of -27.91% based on the average CCJ price forecast.
Analyzing the CCJ fundamentals
Trailing Twelve Months sales for Cameco Corp. [NYSE:CCJ] were 1.92B which represents 60.58% growth. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.06 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.13 points at the first support level, and at 40.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.53, and for the 2nd resistance point, it is at 43.12.
Cameco Corp. [CCJ] reported earnings per share of $0.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.24 per share as compared to estimates of $0.09 per share, a difference of $0.15 representing a surprise of 166.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cameco Corp. [NYSE:CCJ] is 1.55. Further, the Quick Ratio stands at 0.97, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 9.51, the price to book ratio is 3.94 and price to earnings (TTM) ratio is 68.20.
