At the time of writing, Cameco Corp. [CCJ] stock is trading at $55.78, up 7.87%. 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 10.28% over the last week, with a monthly amount glided 38.41%, 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.
For the past year, the stock price of Cameco Corp. fluctuated between $35.43 and $56.24. Currently, Wall Street analysts expect the stock to reach $38.49 within the next 12 months. Cameco Corp. [NYSE: CCJ] shares were valued at $55.78 at the most recent close of the market. An investor can expect a potential drop of -31.0% based on the average CCJ price forecast.
Analyzing the CCJ fundamentals
According to Cameco Corp. [NYSE:CCJ], the company’s sales were 1.96B for trailing twelve months, which represents an 21.88% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.23.
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 53.90 points at the first support level, and at 52.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.82, and for the 2nd resistance point, it is at 57.85.
Ratios To Look Out For
It is important to note that Cameco Corp. [NYSE:CCJ] has a current ratio of 3.22. Further, the Quick Ratio stands at 1.48, while the Cash Ratio is 0.75. Considering the valuation of this stock, the price to sales ratio is 12.41, the price to book ratio is 5.36 and price to earnings (TTM) ratio is 127.50.
