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Cameco (CCJ) Stock Forecast & Price Target

Cameco logo
$58.10 -2.02 (-3.36%)
(As of 11/25/2024 ET)

Cameco - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
0
Buy
7

Based on 7 Wall Street analysts who have issued ratings for Cameco in the last 12 months, the stock has a consensus rating of "Buy." Out of the 7 analysts, 5 have given a buy rating, and 2 have given a strong buy rating for CCJ.

Consensus Price Target

$66.56
14.57% Upside
According to the 7 analysts' twelve-month price targets for Cameco, the average price target is $66.56. The highest price target for CCJ is $80.00, while the lowest price target for CCJ is $60.50. The average price target represents a forecasted upside of 14.57% from the current price of $58.10.
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CCJ Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$66.56$66.56$64.45$56.00
Forecasted Upside14.57% Upside23.74% Upside53.81% Upside24.09% Upside
Consensus Rating
Buy
Buy
Buy
Buy

CCJ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CCJ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cameco Stock vs. The Competition

TypeCamecoBasic Materials CompaniesS&P 500
Consensus Rating Score
3.29
2.76
2.50
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside14.42% Upside125.65% Upside6.16% Upside
News Sentiment Rating
Positive News

See Recent CCJ News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/4/2024Janney Montgomery Scott
2 of 5 stars
T. Meric
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UpgradeStrong-Buy
9/3/2024National Bank Financial
5 of 5 stars
M. Sidibe
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UpgradeStrong-Buy
8/19/2024Scotiabank
5 of 5 stars
 Lower TargetOutperform ➝ Outperform$81.00 ➝ $80.00+92.91%
8/14/2024Glj Research
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 Reiterated RatingBuy ➝ Buy$63.73 ➝ $63.73+60.37%
7/31/2024Cantor Fitzgerald
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M. Kozak
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UpgradeNeutral ➝ Overweight
6/26/2024Bank of America
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 Boost TargetBuy ➝ Buy$59.00 ➝ $60.50+19.64%
6/7/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$56.00 ➝ $62.00+14.08%
10/3/2023TD Securities
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 Boost TargetAction List Buy ➝ Action List BuyC$55.00 ➝ C$70.00
9/5/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$49.50 ➝ $56.00+50.58%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 07:51 PM ET.


Should I Buy Cameco Stock? CCJ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Cameco pros and cons to contact@marketbeat.com.

Cameco
Bull Case

green Wall Street bull icon

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

  • Cameco Co. has recently seen a significant increase in institutional investment, with CIBC Asset Management Inc. increasing its stake by 58.0%, indicating strong confidence in the company's future performance.
  • The stock is currently trading at $57.61, reflecting a robust market interest and potential for growth, especially considering its 52-week high of $59.24.
  • Analysts have a consensus rating of "Buy" for Cameco Co., with several firms recently upgrading their ratings, suggesting positive market sentiment and potential for price appreciation.
  • The company reported a 25.4% year-over-year increase in revenue, showcasing strong operational performance and growth potential in the basic materials sector.
  • Cameco Co. has a relatively low debt-to-equity ratio of 0.20, indicating a strong balance sheet and lower financial risk, which is attractive for long-term investors.

Cameco
Bear Case

red Wall Street bear icon

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

  • The company reported a loss of ($0.01) earnings per share for the latest quarter, missing the consensus estimate significantly, which may raise concerns about its profitability.
  • Cameco Co. has a high price-to-earnings (P/E) ratio of 290.28, suggesting that the stock may be overvalued compared to its earnings, which could deter value-focused investors.
  • Despite recent revenue growth, the net margin of 4.15% indicates that the company may be facing challenges in converting sales into profit, which could impact future earnings.
  • Market volatility and fluctuations in commodity prices can significantly affect Cameco's performance, making it a riskier investment in uncertain economic conditions.
  • With 70.21% of the stock owned by institutional investors, there may be less liquidity for retail investors, which could impact trading flexibility and price stability.

CCJ Forecast - Frequently Asked Questions

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Cameco is $66.56, with a high forecast of $80.00 and a low forecast of $60.50.

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last year. There are currently 5 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CCJ shares.

According to analysts, Cameco's stock has a predicted upside of 14.57% based on their 12-month stock forecasts.

Over the previous 90 days, Cameco's stock had 2 upgrades by analysts.

Cameco has been rated by research analysts at Janney Montgomery Scott, and National Bank Financial in the past 90 days.

Analysts like Cameco more than other "basic materials" companies. The consensus rating for Cameco is Buy while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CCJ compares to other companies.


This page (NYSE:CCJ) was last updated on 11/25/2024 by MarketBeat.com Staff
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