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NYSE:CCJ

Cameco (CCJ) Stock Price, News & Analysis

$40.12
-0.18 (-0.45%)
(As of 09/18/2024 ET)

About Cameco Stock (NYSE:CCJ)

Key Stats

Today's Range
$39.80
$41.05
50-Day Range
$36.90
$53.68
52-Week Range
$35.18
$56.24
Volume
2.26 million shs
Average Volume
4.32 million shs
Market Capitalization
$17.46 billion
P/E Ratio
102.87
Dividend Yield
0.20%
Price Target
$58.25
Consensus Rating
Buy

Company Overview

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.

Cameco Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 97th Percentile

Cameco scored higher than 97% of companies evaluated by MarketBeat, and ranked 10th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Cameco has received a consensus rating of Buy. The company's average rating score is 3.29, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Cameco has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Cameco's stock forecast and price target.
  • Earnings Growth

    Earnings for Cameco are expected to grow by 81.25% in the coming year, from $0.96 to $1.74 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Cameco is 102.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.09.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Cameco is 102.87, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 121.55.

  • Price to Book Value per Share Ratio

    Cameco has a P/B Ratio of 3.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Cameco's valuation and earnings.
  • Percentage of Shares Shorted

    3.79% of the float of Cameco has been sold short.
  • Short Interest Ratio / Days to Cover

    Cameco has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Cameco has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Cameco has a dividend yield of 0.21%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Cameco does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Cameco is 20.51%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Cameco will have a dividend payout ratio of 4.60% next year. This indicates that Cameco will be able to sustain or increase its dividend.

  • Read more about Cameco's dividend.
  • Percentage of Shares Shorted

    3.79% of the float of Cameco has been sold short.
  • Short Interest Ratio / Days to Cover

    Cameco has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Cameco has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Cameco has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.37 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 21 news articles for Cameco this week, compared to 8 articles on an average week.
  • Search Interest

    Only 21 people have searched for CCJ on MarketBeat in the last 30 days. This is a decrease of -51% compared to the previous 30 days.
  • MarketBeat Follows

    Only 18 people have added Cameco to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Cameco insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Cameco is held by insiders.

  • Percentage Held by Institutions

    70.21% of the stock of Cameco is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Cameco's insider trading history.

CCJ Stock News Headlines

Cameco Co. (NYSE:CCJ) Receives $58.25 Consensus Price Target from Brokerages
War on Elon Escalates…
Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
Cameco Sees Unusually High Options Volume (NYSE:CCJ)
CCJ Sep 2024 37.000 call
CCJ Sep 2024 35.500 put
See More Headlines

CCJ Stock Analysis - Frequently Asked Questions

Cameco's stock was trading at $43.10 at the start of the year. Since then, CCJ shares have decreased by 6.9% and is now trading at $40.12.
View the best growth stocks for 2024 here
.

Cameco Co. (NYSE:CCJ) announced its quarterly earnings data on Wednesday, July, 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.14. The firm's quarterly revenue was up 24.1% on a year-over-year basis.

Top institutional shareholders of Cameco include William Blair Investment Management LLC (0.96%), Driehaus Capital Management LLC (0.90%), Cibc World Market Inc. (0.75%) and National Bank of Canada FI (0.61%).

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.

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

Company Calendar

Last Earnings
7/31/2024
Today
9/18/2024
Next Earnings (Estimated)
10/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Miscellaneous metal ores
Sub-Industry
Non-Metallic And Industrial Metal Mining
Employees
2,100
Year Founded
1988

Price Target and Rating

Average Stock Price Target
$58.25
High Stock Price Target
$80.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+45.2%
Consensus Rating
Buy
Rating Score (0-4)
3.29
Research Coverage
7 Analysts

Profitability

Net Income
$267.32 million
Pretax Margin
14.11%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$0.96 per share
Book Value
$10.40 per share

Miscellaneous

Free Float
430,829,000
Market Cap
$17.46 billion
Optionable
Optionable
Beta
0.90

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This page (NYSE:CCJ) was last updated on 9/18/2024 by MarketBeat.com Staff
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