Cameco Corp (CCJ) stock forecast: Can it reach its 52-week high of $62.55

Cameco Corp [CCJ] stock is trading at $58.69, up 11.13%. 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 14.47% over the last week, with a monthly amount glided 33.72%, and seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

On April 01, 2025, Bernstein initiated with a Outperform rating and assigned a price target of $52 on the stock. Stifel started tracking the stock assigning a Buy rating. Cantor Fitzgerald upgraded its rating to a Overweight. Goldman started tracking with a Buy rating for this stock on April 01, 2024, and assigned it a price target of $55. In a note dated December 19, 2023, Cantor Fitzgerald downgraded an Neutral rating on this stock.

Cameco Corp [CCJ] stock has fluctuated between $35.00 and $62.55 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 $58.69 at the most recent close of the market. An investor can expect a potential drop of -34.42% based on the average CCJ price forecast.

Analyzing the CCJ fundamentals

Cameco Corp [NYSE:CCJ] reported sales of 2.36B for the trailing twelve months, which represents a growth of 17.12%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.15.

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 56.28 points at the first support level, and at 53.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.92, and for the 2nd resistance point, it is at 61.16.

Ratios To Look Out For

For context, Cameco Corp’s Current Ratio is 2.71. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 10.82, the price to book ratio is 5.66 and price to earnings (TTM) ratio is 144.17.

Transactions by insiders

Recent insider trading involved Gitzel Timothy S., Officer, that happened on Dec 05 ’24 when 50000.0 shares were purchased. Officer, Quinn Sean A. completed a deal on Nov 21 ’24 to buy 13400.0 shares. Meanwhile, Officer Reilly Brian A. bought 14062.0 shares on Nov 19 ’24.

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