The stock of Cameco Corporation (NYSE:CCJ) increased by $0.78 on Wednesday to $39.92, up 1.99 percent. The last five days have seen an average of 6,133,391 shares of common stock traded. 39 times new highs were reached in the current year, with a gain of $17.09. The average number of shares traded over the last 20 days was 4,157,733, while the average volume over the last 50 days totaled 4,083,495.
CCJ stock appreciated 10.73% since last month. On 08/21/23, the company’s shares reached a one-month low of $34.95. The stock touched a high of $41.65 on 09/15/23, after rallying from a low of $21.02 in 52 weeks. The price of CCJ stock has risen by 76.08% or $17.09 this year, reaching a new high 39 times. Still, the stock price is down -4.16% from the 52-week high.
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Valuation Metrics
Cameco Corporation (CCJ) has a trailing price-to-earnings (P/E) ratio of 244.89. Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 11.11, the price-to-book (PB) ratio of 3.91, and the price-to-cash flow ratio of 167.57.
Company paid $0.0940 per share in dividends, an increase of 44.84% from $0.0649 last year. A $0.0291 dividend increase was reported on Wednesday February 9 2022.
Financial Health
For the three months ended June 29, Cameco Corporation’s quick ratio was 3.00, while its current ratio was 3.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.08, and the total debt to equity ratio is 0.17. As far as profitability goes, gross margin for the trailing twelve months is 17.70% percent. Cameco Corporation’s EBITDA margin for the year ended June 29 was 11.64%, whereas its operating margin stood at 2.60% for the same period. Based on annual data, it had gross profit of $315.88 million and revenue of $1.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CCJ’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 0.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.70%.
Earnings Surprise
According to Cameco Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.43 billion, while revenues fell by -12.28% to $0.0. It was predicted that Cameco Corporation’s quarterly earnings would be -$0.01, but it ended up being $0.09, beating the consensus by -111.10%. EBITDA was $57.92 million for the quarter. At the end of Cameco Corporation’s most recent quarter ended June 29, its liabilities totaled 2.0 billion, while its total debt was $1.13 billion.
Technical Picture
Here’s a quick look at Cameco Corporation’s (CCJ) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 68.72%, suggesting the stock is Neutral, with a 24.57% historical volatility rate.
The stochastic %K and %D were 67.33% and 73.98% respectively, while the average true range (ATR) was 1.18. Based on the 14-day stochastic reading of 67.22%, the RSI (14) reading is 69.55%. On the 9-day MACD Oscillator, the stock is at 0.76, and the 14-day reading is at 1.45.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Cameco Corporation (NYSE: CCJ) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Cameco Corporation (CCJ) an Overweight rating. CCJ is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is CCJ’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.08 and $48.89, with a median target price of $41.24. In analyzing these forecasts, the average price target given by analysts for Cameco Corporation (CCJ) is $41.64.
