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NYSE:CCJ

Cameco (CCJ) Stock Price, News & Analysis

$43.28
+0.57 (+1.33%)
(As of 03:59 PM ET)
Today's Range
$42.64
$43.79
50-Day Range
$39.55
$50.55
52-Week Range
$24.64
$51.33
Volume
3.21 million shs
Average Volume
5.23 million shs
Market Capitalization
$18.79 billion
P/E Ratio
72.13
Dividend Yield
0.21%
Price Target
$35.33

Cameco MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.6% Downside
$35.33 Price Target
Short Interest
Bearish
5.03% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-8.35
Upright™ Environmental Score
News Sentiment
0.73mentions of Cameco in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-24.64%
From $2.11 to $1.59 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.93 out of 5 stars

Basic Materials Sector

120th out of 171 stocks

Miscellaneous Metal Ores Industry

2nd out of 5 stocks

CCJ stock logo

About Cameco Stock (NYSE:CCJ)

Cameco Corporation, the world's largest publicly traded uranium company, is based in Saskatoon, Saskatchewan, Canada. Founded in 1988, Cameco has established itself as a key player in the global uranium market, providing the essential fuel for electricity generation through nuclear power plants. The company operates through two main segments: Uranium and Fuel Services. The Uranium segment focuses on exploration, mining, milling, and selling uranium concentrate. In contrast, the Fuel Services segment engages in the refining, converting, and fabricating of uranium concentrate and offers nuclear fuel processing services. Cameco serves nuclear utilities across the Americas, Europe, and Asia.

Cameco Corporation's mission is to be a leading provider of sustainable, reliable, and low-carbon energy through the production and supply of uranium. The company aims to contribute to a cleaner energy future while maintaining a commitment to safety, environmental stewardship, and corporate responsibility.

Cameco Corporation primarily produces and sells uranium concentrate, the primary fuel used in nuclear power plants. Through its Fuel Services segment, the company also provides refining, conversion, and fabrication services for uranium concentrate. Additionally, Cameco produces fuel bundles, assemblies, and reactor components for CANDU reactors, enhancing its offerings to the nuclear energy sector.

Cameco's target market consists of nuclear utilities worldwide that rely on uranium as a fuel source for their nuclear power plants. The company's customers include utilities and power generation companies operating in the Americas, Europe, and Asia. These customers rely on Cameco's consistent supply of high-quality uranium to meet their electricity generation needs.

Cameco Corporation is supported by a seasoned management team of industry veterans with deep knowledge and expertise. Leading the company is Timothy S. Gitzel, who has served as Chief Executive Officer since July 2011. With over a decade of leadership experience in the nuclear energy sector, Gitzel has been instrumental in shaping the strategic direction of Cameco and fostering its growth. With their collective expertise and leadership, this management team drives Cameco Corporation's success, positioning the company for continued growth and sustained performance in the dynamic uranium industry.

Cameco Corporation has demonstrated robust financial performance in recent years, driven by factors such as growing uranium demand and favorable market conditions.  Cameco recently reported revenue representing a substantial year-over-year increase of over 25%. This growth can be attributed to higher uranium prices and increased sales volumes. As the demand for uranium continues to rise, Cameco has capitalized on these market dynamics, resulting in a notable boost in revenue.

Cameco has experienced remarkable growth in earnings. Net income reported recently represented an impressive increase of over 150% compared to the previous year. This substantial growth can be attributed to improved market conditions and enhanced operational efficiency. Through strategic initiatives and effective cost management, Cameco has successfully translated its revenue growth into higher earnings.

Cameco Corporation has demonstrated prudent management of its debt levels, evidenced by its low debt-to-equity ratio. This ratio indicates a healthy financial position, as the company has maintained a balance between debt and equity financing. By keeping its debt levels in check, Cameco minimizes financial risks and positions itself favorably for funding its operations and pursuing growth initiatives without overreliance on borrowed capital.

Cameco's strong financial performance, driven by increased revenue, robust earnings growth, improved profit margin, and prudent debt management, underscores its solid financial position and sustainable business practices. These positive financial indicators reflect the company's ability to navigate market dynamics and capitalize on opportunities in the uranium industry.

Cameco Corporation's valuation metrics suggest positive investor sentiment and confidence in the company's future prospects. Various factors, including industry dynamics, uranium prices, and global energy trends, influence the company's valuation. While industry peers' valuation metrics should be considered for a comprehensive analysis, Cameco's strong market position, stable financial performance, and growth potential contribute to its favorable valuation.

Cameco Corporation's stock performance has shown resilience and growth in recent years. The company's share price has benefited from improving uranium market conditions and increased demand for clean energy sources. While short-term market fluctuations and industry-specific factors can influence stock prices, Cameco's long-term growth potential has attracted investor attention and contributed to its positive market performance.

Cameco Corporation operates in the uranium industry, which is vital in the global energy landscape. Uranium is a key fuel source for nuclear power plants, which provide a significant portion of the world's electricity. The industry is characterized by long-term contracts, regulatory considerations, and geopolitical factors that impact supply and demand dynamics. Cameco's competitive positioning stems from its extensive experience, global reach, and reliable supply chain, giving it a competitive advantage in the market.

Cameco Corporation is well-positioned to capitalize on various growth opportunities in the nuclear energy sector. The increasing global demand for clean energy sources and the growing recognition of nuclear power as a low-carbon alternative create favorable conditions for uranium producers. Cameco's extensive reserves, operational expertise, and commitment to sustainability provide a strong foundation for future growth. Expanding its customer base, exploring new markets, and investing in advanced technologies are among the growth strategies that can propel Cameco's success.

While Cameco Corporation has experienced positive growth and market performance, the company faces certain risks and challenges. Uranium prices are subject to market fluctuations, impacting Cameco's profitability and financial performance. Changes in supply-demand dynamics, geopolitical factors, and regulatory developments can influence uranium prices.

The nuclear energy industry is subject to extensive regulations and political considerations. Changes in regulatory frameworks, safety standards, or public perception of nuclear energy can impact Cameco's operations and market conditions.

As an energy company, Cameco faces scrutiny regarding its environmental impact and social responsibility. Adhering to strict environmental standards, maintaining community relations, and ensuring responsible mining practices are essential to mitigate these risks.

Operating in remote locations and managing complex mining and processing operations present operational risks. Ensuring worker safety, optimizing production efficiency, and managing operational costs are ongoing challenges for Cameco.

CCJ Stock Price History

CCJ Stock News Headlines

Cameco (NYSE:CCJ) Upgraded to Hold at StockNews.com
CCJ: Raising target price to $46.00
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
The Uranium Bull Market Is Just Getting Started
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
Cameco Reports Document Filings
Traders Buy Large Volume of Put Options on Cameco (NYSE:CCJ)
Cameco Co. (NYSE:CCJ) Short Interest Up 16.4% in February
CCJ Mar 2024 42.500 put
CCJ Mar 2024 35.500 put
Why Cameco Stock Rose 2.95% on Tuesday
CCJ Jan 2026 25.000 call
CCJ Mar 2024 30.000 put
CCJ Mar 2024 24.000 call
What the Options Market Tells Us About Cameco
CCJ Quantitative Stock Analysis
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Today
3/28/2024
Next Earnings (Estimated)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous metal ores
Sub-Industry
N/A
Employees
1,931
Year Founded
1988

Price Target and Rating

Average Stock Price Target
$35.33
High Stock Price Target
$56.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-17.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$267.32 million
Pretax Margin
18.83%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Cash Flow
$0.97 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
429,834,000
Market Cap
$18.55 billion
Optionable
Optionable
Beta
0.92

Social Links

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Key Executives

  • Mr. Timothy S. Gitzel (Age 61)
    President, CEO & Director
    Comp: $2.08M
  • Dr. Grant E. Isaac
    Executive VP & CFO
  • Mr. Brian Arthur Reilly B.Sc.
    M.B.A., M.Sc., P.Geo., Senior VP & COO
  • Mr. Sean Anthony Quinn
    Senior VP, Chief Legal Officer & Corporate Secretary
  • Ms. Alice Louise Wong Icd.D (Age 64)
    Senior VP & Chief Corporate Officer
    Comp: $667.17k
  • Mr. C. Scott Bishop P. Eng.
    Director of Technical Services
  • Ms. Rachelle Girard
    Director of Investor Relations
  • Mr. Scott McHardy
    Director of North American Exploration & VP of Exploration
  • Ms. Heidi Shockey
    Senior VP & Deputy CFO
  • Alain D. Renaud P.Geo.
    Chief Geologist of Technical Services

Should I Buy Cameco Stock? CCJ Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Cameco was last updated on Tuesday, March 26, 2024 at 10:12 PM.

Pros

Here are some ways that investors could benefit from investing in Cameco Co.:

  • Cameco reported strong quarterly earnings, beating consensus estimates by a significant margin, indicating financial health and potential growth.
  • The company has a positive net margin of 11.76%, showcasing profitability in its operations.
  • Analysts have given Cameco a favorable rating, with price targets indicating potential stock price appreciation.
  • Cameco offers an annual dividend with a reasonable payout ratio of 20.45%, providing income to investors.
  • The uranium industry, in which Cameco operates, has long-term growth potential due to the increasing demand for nuclear energy worldwide.

Cons

Investors should be bearish about investing in Cameco Co. for these reasons:

  • The uranium market can be volatile, influenced by factors like geopolitical events and regulatory changes, posing risks to Cameco's operations and stock price.
  • Cameco's stock price may be impacted by fluctuations in uranium prices, affecting the company's revenue and profitability.
  • Investing in Cameco involves exposure to the cyclical nature of the uranium industry, which can lead to periods of downturns and reduced demand.
  • Uncertainties surrounding nuclear energy policies in different countries could affect Cameco's business outlook and growth prospects.
  • Global economic conditions and energy trends may impact the demand for uranium, influencing Cameco's financial performance and stock valuation.

CCJ Stock Analysis - Frequently Asked Questions

Should I buy or sell Cameco stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CCJ shares.
View CCJ analyst ratings
or view top-rated stocks.

What is Cameco's stock price target for 2024?

3 equities research analysts have issued 12 month target prices for Cameco's stock. Their CCJ share price targets range from $25.00 to $56.00. On average, they anticipate the company's share price to reach $35.33 in the next twelve months. This suggests that the stock has a possible downside of 18.6%.
View analysts price targets for CCJ
or view top-rated stocks among Wall Street analysts.

How have CCJ shares performed in 2024?

Cameco's stock was trading at $43.10 on January 1st, 2024. Since then, CCJ stock has increased by 0.7% and is now trading at $43.41.
View the best growth stocks for 2024 here
.

Are investors shorting Cameco?

Cameco saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 21,800,000 shares, an increase of 12.5% from the February 29th total of 19,380,000 shares. Based on an average trading volume of 5,130,000 shares, the short-interest ratio is presently 4.2 days. Approximately 5.0% of the shares of the company are sold short.
View Cameco's Short Interest
.

When is Cameco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our CCJ earnings forecast
.

How were Cameco's earnings last quarter?

Cameco Co. (NYSE:CCJ) released its quarterly earnings results on Thursday, February, 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by $0.06. The basic materials company earned $620 million during the quarter. Cameco had a trailing twelve-month return on equity of 5.61% and a net margin of 13.97%.

How often does Cameco pay dividends? What is the dividend yield for Cameco?

Cameco declared an annual dividend on Tuesday, October 31st. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.088 per share on Friday, December 15th. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 29th.
Read our dividend analysis for CCJ
.

Is Cameco a good dividend stock?

Cameco (NYSE:CCJ) pays an annual dividend of $0.09 per share and currently has a dividend yield of 0.21%. The dividend payout ratio is 15.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCJ will have a dividend payout ratio of 5.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CCJ.

What ETFs hold Cameco's stock?

ETFs with the largest weight of Cameco (NYSE:CCJ) stock in their portfolio include iShares North American Natural Resources ETF (IGE).iShares MSCI Intl Size Factor ETF (ISZE).

What guidance has Cameco issued on next quarter's earnings?

Cameco updated its FY 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Tim Gitzel's approval rating as Cameco's CEO?

37 employees have rated Cameco Chief Executive Officer Tim Gitzel on Glassdoor.com. Tim Gitzel has an approval rating of 65% among the company's employees.

What other stocks do shareholders of Cameco own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cameco investors own include Cameco (CCO), Freeport-McMoRan (FCX), General Electric (GE), Intel (INTC), Energy Transfer (ET), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Ford Motor (F), Gilead Sciences (GILD) and Barrick Gold (GOLD).

Who are Cameco's major shareholders?

Cameco's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.62%), Vanguard Group Inc. (3.62%), Capital World Investors (3.11%), Mirae Asset Global Investments Co. Ltd. (3.09%), Price T Rowe Associates Inc. MD (1.45%) and FIL Ltd (1.22%).

How do I buy shares of Cameco?

Shares of CCJ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CCJ) was last updated on 3/28/2024 by MarketBeat.com Staff

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