Cameco Corporation (NYSE:CCJ) saw a downside of -4.91% to close Friday at $21.31 after subtracting -$1.1 on the day. The 5-day average trading volume is 6,390,400 shares of the company’s common stock. It has gained $23.23 in the past week. An average of 10,107,875 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,276,404.
CCJ’s 1-month performance is -7.15% or -$1.54 on its low of $19.91 reached on 09/24/21. The company’s shares have touched a 52-week low of $9.01 and high of $26.57, with the stock’s rally to the 52-week high happening on 09/13/21. YTD, CCJ has achieved 59.03% or $7.91. However, the current price is down -19.80%% from the 52-week high price.
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Cameco Corporation (CCJ) has a trailing price-to-earnings (P/E) ratio of 22.80 for the broader industry and 19.33 for the sector. The company’s PE ratio for the last five years has touched a high of 2194.58 and a low of 29.71. CCJ stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.08 while the price-to-book (PB) in the most recent quarter is 2.15, with the price to cash flow ratio at 35.72.
Cameco Corporation pays an annual dividend of $0.06 per share. Its dividend yield is 0.28%. CCJ’s most recent quarterly dividend payment was made on Dec. 15, when it paid $0.0609 a share compared with prior rate of $0.1220, down -100.33% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.0611 reported on Thursday November 5 2020. Measured over the last 3 years, the Dividend has been growing by -80.28% yearly.
It is projected that Cameco Corporation’s next ex-dividend date will be on 29-Nov. CCJ is expected to distribute $0.070 as its next dividend.
Cameco Corporation’s quick ratio for the period ended June 29 was 6.00, with the current ratio over the same period at 7.90 meaning that CCJ stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.20, while the total debt to equity was 0.20. In terms of profitability, the gross margin trailing 12 months is 3.60%. The trailing 12-month EBITDA margin is 8.61% while for the period ending June 29; Cameco Corporation’s operating margin was -1.10%. The firm’s gross profit as reported stood at $235.23 million against revenue of $1.34 billion.
For the quarterly period ending June 29 this year, Cameco Corporation’s cash and short-term investments amounted to $2.81 million against total debt of $1.02 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CCJ to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.08, representing a -100.00% surprise. EBITDA for the quarter stood at more than $2.5 million. CCJ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.04 billion, with total debt at $1.02 billion
Let’s look briefly at Cameco Corporation (CCJ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 47.12% to suggest the stock is trending Neutral, with historical volatility in this time period at 92.25%.
The stock’s 5-day moving average is $21.84, reflecting a -3.62% or -$0.80 change from its current price. CCJ is currently trading -12.77% above its 20-day SMA, +6.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +18.06% and +62.05% respectively.
Stochastic %K and %D was 52.40% and 48.61% and the average true range (ATR) pointed at 1.20. The RSI (14) points at 50.53%, while the 14-day stochastic is at 42.17% with the period’s ATR at 1.17. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.44 on the 14-day charts.
In the most recent analyst report for Cameco Corporation (NYSE: CCJ), TD Securities upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for CCJ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CCJ as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is CCJ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $20.51 and a high of $29.96, with their median price target at $26.88. Looking at these predictions, the average price target given by analysts is for Cameco Corporation (CCJ) stock is $25.63.