S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
3 Words and a 3,000% Return (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
3 Words and a 3,000% Return (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
3 Words and a 3,000% Return (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
3 Words and a 3,000% Return (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
3 Words and a 3,000% Return (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
3 Words and a 3,000% Return (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
3 Words and a 3,000% Return (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
3 Words and a 3,000% Return (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
NYSE:CCJ

Cameco (CCJ) Stock Forecast, Price & News

$38.77
-0.73 (-1.85%)
(As of 09/21/2023 ET)
Compare
Today's Range
$38.27
$39.31
50-Day Range
$31.55
$40.42
52-Week Range
$21.02
$41.65
Volume
3.64 million shs
Average Volume
4.30 million shs
Market Capitalization
$16.82 billion
P/E Ratio
258.47
Dividend Yield
0.23%
Price Target
$31.60

Cameco MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
18.5% Downside
$31.60 Price Target
Short Interest
Bearish
5.07% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-8.35
Upright™ Environmental Score
News Sentiment
0.85mentions of Cameco in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
225.40%
From $0.63 to $2.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Basic Materials Sector

120th out of 165 stocks

Miscellaneous Metal Ores Industry

2nd out of 3 stocks


CCJ stock logo

About Cameco (NYSE:CCJ) Stock

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 Price History

CCJ Stock News Headlines

Cameco Sees Unusually Large Options Volume (NYSE:CCJ)
Cameco: Nuclear's Bright Future Is Already Priced In
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Raymond James Comments on Cameco Co.'s FY2023 Earnings (NYSE:CCJ)
Raymond James Boosts Cameco (NYSE:CCJ) Price Target to C$56.00
Cameco (NYSE:CCJ) Trading 3.7% Higher After Analyst Upgrade
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Cameco (NYSE:CCJ) Sets New 1-Year High at $38.27
Cameco (CCJ) Consolidation Resolve to the Upside
Why Cameco Stock Soared 31% in July
See More Headlines
Receive CCJ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Cameco and its competitors with MarketBeat's FREE daily newsletter.

CCJ Company Calendar

Last Earnings
8/02/2023
Today
9/21/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

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 Forecast
$31.60
High Stock Price Forecast
$56.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
-18.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$68.75 million
Pretax Margin
5.80%

Debt

Sales & Book Value

Annual Sales
$1.44 billion
Cash Flow
$0.55 per share
Book Value
$10.38 per share

Miscellaneous

Free Float
429,500,000
Market Cap
$16.82 billion
Optionable
Optionable
Beta
1.00

Social Links

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report

Key Executives

  • Mr. Timothy S. Gitzel (Age 60)
    Pres, CEO & Director
    Comp: $2.08M
  • Dr. Grant E. Isaac
    Exec. VP & CFO
  • Mr. Brian Arthur Reilly B.Sc.
    M.B.A., M.Sc., P.Geo., Sr. VP & COO
  • Mr. Sean Anthony Quinn
    Sr. VP, Chief Legal Officer & Corp. Sec.
  • Ms. Alice Louise Wong Icd.D (Age 63)
    Sr. VP & Chief Corp. Officer
    Comp: $668.57k
  • 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
    Sr. VP & Deputy CFO
  • Alain D. Renaud P.Geo.
    Chief Geologist of Technical Services













CCJ Stock - Frequently Asked Questions

Should I buy or sell Cameco stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last twelve months. There are currently 1 hold rating, 3 buy ratings 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 forecast for 2023?

5 brokerages have issued 12-month price targets for Cameco's stock. Their CCJ share price forecasts range from $20.00 to $56.00. On average, they expect the company's stock price to reach $31.60 in the next twelve months. This suggests that the stock has a possible downside of 18.5%.
View analysts price targets for CCJ
or view top-rated stocks among Wall Street analysts.

How have CCJ shares performed in 2023?

Cameco's stock was trading at $22.67 at the start of the year. Since then, CCJ shares have increased by 71.0% and is now trading at $38.77.
View the best growth stocks for 2023 here
.

Are investors shorting Cameco?

Cameco saw a increase in short interest in August. As of August 31st, there was short interest totaling 21,860,000 shares, an increase of 6.2% from the August 15th total of 20,580,000 shares. Based on an average daily trading volume, of 4,010,000 shares, the days-to-cover ratio is currently 5.5 days. Approximately 5.1% of the company's stock 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 Thursday, October 26th 2023.
View our CCJ earnings forecast
.

How were Cameco's earnings last quarter?

Cameco Co. (NYSE:CCJ) posted its quarterly earnings results on Wednesday, August, 2nd. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.17. The basic materials company earned $482 million during the quarter, compared to the consensus estimate of $636.37 million. Cameco had a net margin of 4.67% and a trailing twelve-month return on equity of 2.74%. Cameco's revenue was down 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share.

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).

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 0.22%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 60.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CCJ will have a dividend payout ratio of 4.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CCJ.

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

Cameco issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.79 billion-$1.86 billion, compared to the consensus revenue estimate of $1.90 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).

What is Cameco's stock symbol?

Cameco trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCJ."

Who are Cameco's major shareholders?

Cameco's stock is owned by a variety of institutional and retail investors. Top institutional investors include Capital World Investors (3.30%), Mirae Asset Global Investments Co. Ltd. (2.87%), William Blair Investment Management LLC (1.94%), Alliancebernstein L.P. (1.83%), Keybank National Association OH (1.46%) and BlackRock Inc. (1.34%).

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cameco's stock price today?

One share of CCJ stock can currently be purchased for approximately $38.77.

How much money does Cameco make?

Cameco (NYSE:CCJ) has a market capitalization of $16.82 billion and generates $1.44 billion in revenue each year. The basic materials company earns $68.75 million in net income (profit) each year or $0.15 on an earnings per share basis.

How many employees does Cameco have?

The company employs 1,931 workers across the globe.

How can I contact Cameco?

Cameco's mailing address is 2121 11TH ST W, SASKATOON A9, S7M 1J3. The official website for the company is www.cameco.com. The basic materials company can be reached via phone at (306) 956-6200 or via fax at 306-956-6201.

This page (NYSE:CCJ) was last updated on 9/22/2023 by MarketBeat.com Staff

My Account -