Cameco Corp. [CCJ] stock prices are up 7.92% to $46.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CCJ shares have gain 8.24% over the last week, with a monthly amount glided 15.35%, 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 April 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $55. Previously, Cantor Fitzgerald downgraded its rating to Neutral on December 19, 2023. Cantor Fitzgerald upgraded its rating to a Buy. RBC Capital Mkts upgraded its rating to Outperform for this stock on April 11, 2022. In a note dated March 31, 2022, BMO Capital Markets upgraded an Outperform rating on this stock.
The stock price of Cameco Corp. [CCJ] has been fluctuating between $24.64 and $51.33 over the past year. Currently, Wall Street analysts expect the stock to reach $38.49 within the next 12 months. Cameco Corp. [NYSE: CCJ] shares were valued at $46.75 at the most recent close of the market. An investor can expect a potential drop of -17.67% based on the average CCJ price forecast.
Analyzing the CCJ fundamentals
The Cameco Corp. [NYSE:CCJ] reported sales of 1.92B for trailing twelve months, representing a surge of 60.58%. 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 45.02 points at the first support level, and at 43.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.69, and for the 2nd resistance point, it is at 48.62.
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
It’s worth pointing out that Cameco Corp. [NYSE:CCJ]’s Current Ratio is 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 10.60, the price to book ratio is 4.39 and price to earnings (TTM) ratio is 76.00.
