This Analyst Recently Issued Research Note On Cameco Corporation (CCJ)

As of Friday close, Cameco Corporation’s (NYSE:CCJ) stock was up $1.42, moving up 6.90 percent to $22.01. The average number of shares traded per day over the past five days has been 9,679,240 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.83 fall in that time frame. In the last twenty days, the average volume was 8,606,570, while in the previous 50 days, it was 9,643,020.

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Since last month, CCJ stock retreated -30.33%. Shares of the company fell to $20.01 on 05/12/22, the lowest level in the past month. A 52-week high of $32.49 was reached on 04/13/22 after having rallying from a 52-week low of $15.34. Since the beginning of this year, CCJ’s stock price has risen by 0.92% or $0.20, and marked a new high 11 times. However, the stock has declined by -32.26% since its 52-week high.

Valuation Metrics

The stock’s beta is 0.87. Besides these, the trailing price-to-sales (P/S) ratio of 7.36, the price-to-book (PB) ratio of 2.30, and the price-to-cash flow ratio of 25.04 may also be considered.

The latest dividend of $0.0940 per share was paid out, which is 44.84% more than last year’s $0.0649. On Wednesday February 9 2022, a $0.0291 dividend increase was announced.

Financial Health

In the three months ended September 29, Cameco Corporation’s quick ratio stood at 4.10, while its current ratio was 5.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.20, and the total debt-to-equity ratio was 0.20. On the profitability front, the trailing twelve-month gross margin is 5.80% percent. In the year ended September 29, operating margins totaled -5.60%. Based on annual data, CCJ earned $153.47 million in gross profit and brought in $1.18 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.90%. Return on equity (ROE) for the past 12 months was -1.20%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CCJ’s revenue fell -12.28% during the quarter, while net income inched up to $1.43 billion. While analysts expected Cameco Corporation to report -$0.03 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by -266.70%. During the quarter, the company generated $37.27 million in EBITDA. The liabilities of Cameco Corporation were 2.05 billion at the end of its most recent quarter ended September 29, and its total debt was $1.02 billion.

Technical Picture

This quick technical analysis looks at Cameco Corporation’s (CCJ) price momentum. With a historical volatility rate of 113.33%, the RSI 9-day stood at 34.11% on 13 May.

With respect to its five-day moving average, the current Cameco Corporation price is down by -7.68% percent or -$1.83. At present, CCJ shares trade -29.90% below its 20-day simple moving average and +5.97% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.35% below its SMA50 and +21.94% above its SMA200.

Stochastic coefficient K was 11.52% and Stochastic coefficient D was 6.78%, while ATR was 1.79. Given the Stochastic reading of 26.27% for the 14-day period, the RSI (14) reading has been calculated as 35.05%. As of today, the MACD Oscillator reading stands at -1.80, while the 14-day reading stands at -2.92.

Analyst Ratings

RBC Capital Mkts upgraded its rating on Cameco Corporation (NYSE: CCJ) to an Outperform in a note to investors on April 11, 2022. The analysts firm previously had a Sector perform rating on the stock.Cameco Corporation (CCJ) has been rated Buy by analysts. According to 0 brokerage firms, CCJ is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Cameco Corporation stock as buy, with 10 recommending it as overweight.


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