At the time of writing, Cameco Corp. [CCJ] stock is trading at $42.10, up 0.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The CCJ shares have gain 2.28% over the last week, with a monthly amount glided 3.01%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, Cameco Reports Document Filings. In a post published today on Yahoo Finance, Cameco (TSX: CCO; NYSE: CCJ) reported today that it filed its annual report on Form 40-F with the US Securities and Exchange Commission. The document includes Cameco’s audited annual financial statements for the year ended December 31, 2023, its management’s discussion and analysis (MD&A), and its Canadian annual information form (AIF).
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.
For the past year, the stock price of Cameco Corp. fluctuated between $24.39 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 $42.10 at the most recent close of the market. An investor can expect a potential drop of -28.17% based on the average CCJ price forecast.
Analyzing the CCJ fundamentals
According to Cameco Corp. [NYSE:CCJ], the company’s sales were 1.92B for trailing twelve months, which represents an 60.58% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.
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 41.38 points at the first support level, and at 40.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.77, and for the 2nd resistance point, it is at 43.43.
Cameco Corp. [CCJ] reported earnings per share of $0.15 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 $-0.01 and a surprise factor of -6.30%. 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
It is important to note that Cameco Corp. [NYSE:CCJ] has a current ratio of 1.55. On the other hand, the Quick Ratio is 0.97, and the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 9.55, the price to book ratio is 3.95 and price to earnings (TTM) ratio is 68.44.
