Cameco Corp. [CCJ] stock prices are up 8.08% to $44.40 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CCJ shares have gain 10.09% over the last week, with a monthly amount glided 7.22%, 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 July 31, 2024, when Cantor Fitzgerald upgraded its rating to a Overweight. Previously, Goldman started tracking the stock with Buy rating on April 01, 2024, and set its price target to $55. On December 19, 2023, downgrade downgraded it’s rating to Neutral. Cantor Fitzgerald upgraded its rating to Buy for this stock on October 25, 2023. In a note dated April 11, 2022, RBC Capital Mkts upgraded an Outperform rating on this stock.
The stock price of Cameco Corp. [CCJ] has been fluctuating between $35.18 and $56.24 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 $44.40 at the most recent close of the market. An investor can expect a potential drop of -13.31% based on the average CCJ price forecast.
Analyzing the CCJ fundamentals
The Cameco Corp. [NYSE:CCJ] reported sales of 1.96B for trailing twelve months, representing a surge of 21.88%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.23.
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 43.45 points at the first support level, and at 42.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.15, and for the 2nd resistance point, it is at 45.90.
Ratios To Look Out For
It’s worth pointing out that Cameco Corp. [NYSE:CCJ]’s Current Ratio is 3.22. As well, the Quick Ratio is 1.48, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 9.88, the price to book ratio is 4.27 and price to earnings (TTM) ratio is 101.49.
