Cameco Corp. (NYSE:CCJ) finished Friday with a subtraction of -$1.51 to close at $39.64, a downside of -3.67 percent. An average of 6,888,200 shares of common stock have been traded in the last five days. There was a fall of -$0.34 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 5,210,550 shares traded, while the 50-day average volume stands at 4,480,270.
CCJ stock has increased by 7.31% in the last month. The company shares reached their 1-month lowest point of $35.90 on 09/05/23. With the stock rallying to its 52-week high on 09/28/23, shares of the company touched a low of $21.02 and a high of $42.17 in 52 weeks. It has reached a new high 41 times so far this year and achieved 74.86% or $16.97 in price. In spite of this, the price is down -5.99% from the 52-week high.
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Valuation Metrics
Cameco Corp. (CCJ) has a trailing price-to-earnings (P/E) ratio of 244.54. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.08, the price-to-book (PB) ratio at 3.80, and the price-to-cash flow ratio at 166.79.
The company has a payout ratio of 54.45%. The company’s most recent quarterly dividend payment was $0.0940 a share, representing a up of 44.84% from $0.0649 last year. Its latest increase dividend $0.0291 reported on Wednesday February 9 2022.
Financial Health
The quick ratio of Cameco Corp. for the three months ended June 29 was 3.00, and the current ratio was 3.64, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.17 for the quarter ending June 29. Its gross profit as reported stood at $315.88 million compared to revenue of $1.44 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Cameco Corp.’s return on assets was 1.17%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $56.68 million in the quarter, while revenues were shrunk -124.77%. The analyst consensus anticipated Cameco Corp.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be -$0.01, a -111.10% surprise. For the quarter, EBITDA amounted to $57.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cameco Corp. (CCJ) price momentum. RSI 9-day as of the close on 29 September was 52.08%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.97%.
As of today, CCJ’s price is $40.65 -0.85% or -$0.34 from its 5-day moving average. CCJ is currently trading +7.14% higher than its 20-day SMA and +44.30% higher than its 100-day SMA. However, the stock’s current price level is +20.63% above the SMA50 and +78.48% above the SMA200.
The stochastic %K and %D were 66.17% and 74.42%, respectively, and the average true range (ATR) was 1.45. With the 14-day stochastic at 47.01% and the average true range at 1.34, the RSI (14) stands at 56.47%. The stock has reached 0.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.50.
Analyst Ratings
RBC Capital Mkts upgraded Cameco Corp. (NYSE: CCJ) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Cameco Corp. (CCJ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CCJ, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is CCJ’s price target for the next 12 months?
Analysts predict a range of price targets between $38.97 and $51.86, with a median target of $44.47. Taking a look at these predictions, the average price target given by analysts for Cameco Corp. (CCJ) stock is $44.74.
