The stock price of Cameco Corp (NYSE: CCJ) has surged by 2.84 when compared to previous closing price of 57.81, but the company has seen a -2.43% decline in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-11-26 that Toronto, Ontario–(Newsfile Corp. – November 26, 2024) – Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) (“Purepoint” or the “Company”) is pleased to announce the approval of a $1.2 million drilling program at the Smart Lake Joint Venture (JV) Project, marking a significant return to this highly prospective project within the southwestern Athabasca Basin, Saskatchewan, Canada. The Smart Lake JV, jointly owned by Cameco Corporation (73%) and Purepoint (27%), exemplifies Purepoint’s strategy of advancing high-potential projects through partnerships with industry leaders.
Is It Worth Investing in Cameco Corp (NYSE: CCJ) Right Now?
Cameco Corp (NYSE: CCJ) has a higher price-to-earnings ratio of 302.85x compared to its average ratio, The 36-month beta value for CCJ is at 0.90. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CCJ is 433.32M, and currently, shorts hold a 4.17% of that float. The average trading volume for CCJ on December 02, 2024 was 4.65M shares.
CCJ’s Market Performance
CCJ’s stock has seen a -2.43% decrease for the week, with a 10.13% rise in the past month and a 45.57% gain in the past quarter. The volatility ratio for the week is 3.49%, and the volatility levels for the past 30 days are at 4.42% for Cameco Corp The simple moving average for the past 20 days is 7.61% for CCJ’s stock, with a 24.39% simple moving average for the past 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 11.94% 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 -2.51% of loss for the given period.
Volatility was left at 4.42%, however, over the last 30 days, the volatility rate increased by 3.49%, as shares surge +13.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.72% upper at present.
During the last 5 trading sessions, CCJ fell by -2.43%, which changed the moving average for the period of 200-days by +40.71% in comparison to the 20-day moving average, which settled at $55.22. In addition, Cameco Corp saw 37.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCJ starting from Quinn Sean A., who proposed sale 13,400 shares at the price of $60.93 back on Nov 21 ’24. After this action, Quinn Sean A. now owns shares of Cameco Corp, valued at $816,462 using the latest closing price.
Reilly Brian A., the Officer of Cameco Corp, proposed sale 14,062 shares at $57.46 during a trade that took place back on Nov 19 ’24, which means that Reilly Brian A. is holding shares at $808,003 based on the most recent closing price.
Stock Fundamentals for CCJ
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.21 for the gross margin
The net margin for Cameco Corp stands at 0.04. The total capital return value is set at 0.04. Equity return is now at value 1.87, with 1.28 for asset returns.
Based on Cameco Corp (CCJ), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is 799.52 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 13.44. The receivables turnover for the company is 8.96for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
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.
