Cameco Corp. [CCJ] stock prices are down -1.74% to $49.59 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 0.77% over the last week, with a monthly amount glided 25.32%, and seem to be holding up well over a long-time horizon.
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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 $25.11 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 $49.59 at the most recent close of the market. An investor can expect a potential drop of -22.38% 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. 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 48.29 points at the first support level, and at 46.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.77, and for the 2nd resistance point, it is at 53.94.
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 11.24, the price to book ratio is 4.66 and price to earnings (TTM) ratio is 80.62.
