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NYSE:CCJ

Cameco (CCJ) Stock Price, News & Analysis

$52.99
+1.30 (+2.51%)
(As of 05/24/2024 08:49 PM ET)
Today's Range
$51.72
$53.90
50-Day Range
$41.16
$53.98
52-Week Range
$26.15
$54.93
Volume
2.54 million shs
Average Volume
4.85 million shs
Market Capitalization
$23.03 billion
P/E Ratio
135.87
Dividend Yield
0.17%
Price Target
$40.25

Cameco MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
24.0% Downside
$40.25 Price Target
Short Interest
Healthy
4.33% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-8.35
Upright™ Environmental Score
News Sentiment
0.75mentions of Cameco in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.22%
From $1.38 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.

3.76 out of 5 stars

Basic Materials Sector

59th out of 168 stocks

Miscellaneous Metal Ores Industry

1st 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 Completes $500 Million Private Placement Debenture Offering
Cameco Completes $500 Million Debenture Offering
Traders Buy High Volume of Cameco Call Options (NYSE:CCJ)
Cameco: Mounting Evidence This Is Going Higher
Cameco (NYSE:CCJ) Shares Up 5%
Cameco Sees Unusually Large Options Volume (NYSE:CCJ)
3 Cheap Energy Stocks to Buy Now: May 2024
Cameco Announces Election of Directors
Cameco Announces Election of Directors
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
5/26/2024
Next Earnings (Estimated)
8/07/2024
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
$40.25
High Stock Price Target
$56.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-24.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$267.32 million
Pretax Margin
14.06%

Debt

Sales & Book Value

Annual Sales
$1.92 billion
Cash Flow
$0.95 per share
Book Value
$10.42 per share

Miscellaneous

Free Float
430,284,000
Market Cap
$23.03 billion
Optionable
Optionable
Beta
0.92

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Key Executives

  • Mr. Timothy S. Gitzel (Age 61)
    President, CEO & Director
    Comp: $2.07M
  • 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: $665.58k
  • 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

CCJ Stock Analysis - Frequently Asked Questions

Should I buy or sell Cameco stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cameco in the last year. There are currently 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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?

4 equities research analysts have issued 1 year price targets for Cameco's stock. Their CCJ share price targets range from $25.00 to $56.00. On average, they expect the company's stock price to reach $40.25 in the next year. This suggests that the stock has a possible downside of 24.0%.
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 at the beginning of the year. Since then, CCJ shares have increased by 22.9% and is now trading at $52.99.
View the best growth stocks for 2024 here
.

Are investors shorting Cameco?

Cameco saw a decline in short interest in April. As of April 30th, there was short interest totaling 18,740,000 shares, a decline of 12.3% from the April 15th total of 21,370,000 shares. Based on an average trading volume of 4,760,000 shares, the days-to-cover ratio is currently 3.9 days. Currently, 4.3% of the company's shares are short sold.
View Cameco's Short Interest
.

When is Cameco's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our CCJ earnings forecast
.

How were Cameco's earnings last quarter?

Cameco Co. (NYSE:CCJ) issued its quarterly earnings data on Tuesday, April, 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.33 by $0.23. The basic materials company earned $470.29 million during the quarter. Cameco had a net margin of 9.28% and a trailing twelve-month return on equity of 4.60%.

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

Cameco declared an annual dividend on Tuesday, October 31st. Stockholders 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 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 0.16%. The dividend payout ratio is 23.08%. 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 guidance has Cameco issued on next quarter's earnings?

Cameco issued an update on its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $2.2 billion-$2.2 billion, compared to the consensus revenue estimate of $2.2 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 variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.66%), Mirae Asset Global Investments Co. Ltd. (3.16%), Capital World Investors (3.16%), Price T Rowe Associates Inc. MD (1.50%), William Blair Investment Management LLC (0.90%) and Platinum Investment Management Ltd. (0.71%).

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 5/27/2024 by MarketBeat.com Staff

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