While Cameco Corp has underperformed by -1.91%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CCJ rose by 25.13%, with highs and lows ranging from $62.55 to $35.43, whereas the simple moving average jumped by 16.54% 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)
Investors in Cameco Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.11 per share. Further, the quarter-over-quarter increase in sales is 23.22%, showing a positive trend in the upcoming months.
One of the most important indicators of Cameco Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 1.87% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.26, 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 also provide valuable insight into volatility, and CCJ is recording 4.60M average volume. On a monthly basis, the volatility of the stock is set at 4.54%, whereas on a weekly basis, it is put at 4.22%, with a loss of -5.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $60.14, showing growth from the present price of $56.42, 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?
The Uranium market is dominated by Cameco Corp (CCJ) 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 287.42, there is a growth in quarterly earnings of -95.07%.
Along with the fundamentals, it is also important to consider how many employees own shares of 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 0.43%. 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 76.53% 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 76.53% at present.
