Cameco Corp. (NYSE: CCJ)’s stock price has plunge by 2.53relation to previous closing price of 53.79. Nevertheless, the company has seen a -4.78% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-28 that DESIGNATED NEWS RELEASE VANCOUVER, BC, Oct. 28, 2024 /PRNewswire/ – Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) (“URC” or the “Company”) is pleased to announce that it acquired an existing royalty on the Millennium and Cree Extension Uranium Projects in Saskatchewan, Canada (the “Projects”) from a third-party industrial gas company for total cash consideration of $6 million. Highlights: The acquired royalty is a net profit interest (NPI) of 10% on an approximate 20.6955% participating interest in the Projects.
Is It Worth Investing in Cameco Corp. (NYSE: CCJ) Right Now?
Cameco Corp. (NYSE: CCJ) has a higher price-to-earnings ratio of 126.06x compared to its average ratio, The 36-month beta value for CCJ is at 0.90. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for CCJ is 433.53M, and currently, shorts hold a 4.45% of that float. The average trading volume for CCJ on October 28, 2024 was 4.63M shares.
CCJ’s Market Performance
The stock of Cameco Corp. (CCJ) has seen a -4.78% decrease in the past week, with a 14.94% rise in the past month, and a 24.55% gain in the past quarter. The volatility ratio for the week is 3.68%, and the volatility levels for the past 30 days are at 3.36% for CCJ. The simple moving average for the last 20 days is 3.98% for CCJ stock, with a simple moving average of 17.71% for the last 200 days.
Analysts’ Opinion of CCJ
Goldman, on the other hand, stated in their research note that they expect to see CCJ reach a price target of $55. The rating they have provided for CCJ stocks is “Buy” according to the report published on April 01st, 2024.
CCJ Trading at 19.25% from the 50-Day Moving Average
After a stumble in the market that brought CCJ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.08% of loss for the given period.
Volatility was left at 3.36%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares surge +14.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.20% upper at present.
During the last 5 trading sessions, CCJ fell by -5.33%, which changed the moving average for the period of 200-days by +17.52% in comparison to the 20-day moving average, which settled at $53.03. In addition, Cameco Corp. saw 27.96% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CCJ
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.22 for the gross margin
The net margin for Cameco Corp. stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 4.21, with 2.84 for asset returns.
Based on Cameco Corp. (CCJ), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 3.36.
Currently, EBITDA for the company is 497.86 million with net debt to EBITDA at 1.6. When we switch over and look at the enterprise to sales, we see a ratio of 13.0. The receivables turnover for the company is 15.24for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, Cameco Corp. (CCJ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
