Cameco Corporation [CCJ] is 28.88% higher this YTD. Is it still time to buy?

Cameco Corporation [NYSE: CCJ] price surged by 3.04 percent to reach at $0.51. The company report on April 10, 2021 that Cameco Restarting Cigar Lake Mine in April.

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Cameco (TSX: CCO; NYSE: CCJ) announced that it plans to restart production in April at its Cigar Lake uranium mine located in northern Saskatchewan.

Production at Cigar Lake was temporarily suspended in December 2020 due to increasing risks posed by the Coronavirus (COVID-19) pandemic. At that time, the availability of workers in critical areas was shrinking due to the pandemic, with more individuals screening out or residing in communities with pandemic-related travel restrictions.

A sum of 4641367 shares traded at recent session while its average daily volume was at 6.44M shares. Cameco Corporation shares reached a high of $17.425 and dropped to a low of $16.50 until finishing in the latest session at $17.27.

The one-year CCJ stock forecast points to a potential downside of -59.02. The average equity rating for CCJ stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Cameco Corporation [CCJ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCJ shares is $10.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCJ stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Cameco Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 11, 2021. The new note on the price target was released on December 17, 2020, representing the official price target for Cameco Corporation stock.

The Average True Range (ATR) for Cameco Corporation is set at 0.70, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 4.68. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 1.94.

CCJ Stock Performance Analysis:

Cameco Corporation [CCJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.79. With this latest performance, CCJ shares gained by 4.67% in over the last four-week period, additionally plugging by 80.08% over the last 6 months – not to mention a rise of 69.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCJ stock in for the last two-week period is set at 56.19, with the RSI for the last a single of trading hit 60.96, and the three-weeks RSI is set at 54.94 for Cameco Corporation [CCJ]. The present Moving Average for the last 50 days of trading for this stock 16.80, while it was recorded at 16.61 for the last single week of trading, and 12.75 for the last 200 days.

Insight into Cameco Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Cameco Corporation [CCJ] shares currently have an operating margin of -5.11 and a Gross Margin at +3.18. Cameco Corporation’s Net Margin is presently recorded at -2.95.

Return on Total Capital for CCJ is now -1.54, given the latest momentum, and Return on Invested Capital for the company is -0.89. Return on Equity for this stock declined to -1.07, with Return on Assets sitting at -0.71. When it comes to the capital structure of this company, Cameco Corporation [CCJ] has a Total Debt to Total Equity ratio set at 20.31. Additionally, CCJ Total Debt to Total Capital is recorded at 16.88, with Total Debt to Total Assets ending up at 13.29. Long-Term Debt to Equity for the company is recorded at 20.24, with the Long-Term Debt to Total Capital now at 16.82.

Receivables Turnover for the company is 6.61 with a Total Asset Turnover recorded at a value of 0.24.Cameco Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 6.40.

CCJ Stock EPS

With the latest financial reports released by the company, Cameco Corporation posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -500.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cameco Corporation go to 9.79%.

Cameco Corporation [CCJ] Insider Position Details

There are presently around $4,232 million, or 70.10% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: BEUTEL, GOODMAN & CO LTD. with ownership of 20,861,650, which is approximately -3.025% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 20,145,790 shares of the stock with an approximate value of $347.92 million in CCJ stocks shares; and WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, currently with $266.14 million in CCJ stock with ownership of nearly -0.128% of the company’s market capitalization.

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Positions in Cameco Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 151 institutional holders increased their position in Cameco Corporation [NYSE:CCJ] by around 21,889,104 shares. Additionally, 138 investors decreased positions by around 18,327,385 shares, while 44 investors held positions by with 204,848,226 shares. The mentioned changes placed institutional holdings at 245,064,715 shares, according to the latest SEC report filing. CCJ stock had 53 new institutional investments in for a total of 8,880,172 shares, while 35 institutional investors sold positions of 3,632,264 shares during the same period.

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