While Cameco Corp. has overperformed by 2.42%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCJ rose by 4.96%, with highs and lows ranging from $56.24 to $35.18, whereas the simple moving average fell by -10.51% in the last 200 days.
On July 31, 2024, Cantor Fitzgerald Upgraded Cameco Corp. (NYSE: CCJ) to Overweight. A report published by Goldman on April 01, 2024, Initiated its previous ‘Buy’ rating for CCJ. BMO Capital Markets initiated its ‘Outperform’ rating for CCJ, as published in its report on November 08, 2023. RBC Capital Mkts also rated the stock as ‘Outperform’.
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Analysis of Cameco Corp. (CCJ)
It’s important to note that CCJ shareholders are currently getting $0.09 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter increase in sales is 21.88%, showing a positive trend in the upcoming months.
Cameco Corp.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 4.21% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.48, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and CCJ is registering an average volume of 3.77M. On a monthly basis, the volatility of the stock is set at 3.59%, whereas on a weekly basis, it is put at 2.73%, with a gain of 0.83% over the past seven days. Furthermore, long-term investors anticipate a median target price of $57.00, showing growth from the present price of $41.08, which can serve as yet another indication of whether CCJ is worth investing in or should be passed over.
How Do You Analyze Cameco Corp. Shares?
A giant in the Uranium market, Cameco Corp. (CCJ) is based in the Canada. When comparing Cameco Corp. shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 93.90, there is a growth in quarterly earnings of 157.02%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.38%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CCJ shares are owned by institutional investors to the tune of 77.48% at present.
