Cameco Corporation [CCJ] gain 28.75% so far this year. What now?


Cameco Corporation [NYSE: CCJ] closed the trading session at $28.08 on 03/28/22. The day’s price range saw the stock hit a low of $27.54, while the highest price level was $28.48. The company report on March 22, 2022 that Cameco Reports Document Filings.

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Cameco (TSX: CCO; NYSE: CCJ) reported today that it filed its annual report on Form 40-F with the US Securities and Exchange Commission. The document includes Cameco’s audited annual financial statements for the year ended December 31, 2021, its management’s discussion and analysis (MD&A), and its Canadian annual information form (AIF).

In addition, Cameco filed its AIF with Canadian securities regulatory authorities. Its audited annual financial statements for the year ended December 31, 2021, and its MD&A were filed with Canadian securities regulatory authorities in February 2022.

The stocks have a year to date performance of 28.75 percent and weekly performance of -4.07 percent. The stock has been moved at 34.03 percent over the last six months. The stock has performed 23.10 percent around the most recent 30 days and changed 21.93 percent over the most recent 3-months.

If compared to the average trading volume of 7.95M shares, CCJ reached to a volume of 5992149 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $26.50 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 1.90. 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 Buy, with their previous recommendation back on November 03, 2021. The new note on the price target was released on September 28, 2021, representing the official price target for Cameco Corporation stock.

The Average True Range (ATR) for Cameco Corporation is set at 1.51, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 9.56. The Price to Book ratio for the last quarter was 2.89, with the Price to Cash per share for the same quarter was set at 2.65. Price to Free Cash Flow for CCJ in the course of the last twelve months was 39.21 with Quick ratio for the last quarter at 4.20.

CCJ stock trade performance evaluation

Cameco Corporation [CCJ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.07. With this latest performance, CCJ shares gained by 23.10% in over the last four-week period, additionally plugging by 34.03% over the last 6 months – not to mention a rise of 70.18% 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 61.82, with the RSI for the last a single of trading hit 60.19, and the three-weeks RSI is set at 61.17 for Cameco Corporation [CCJ]. The present Moving Average for the last 50 days of trading for this stock 23.19, while it was recorded at 28.81 for the last single week of trading, and 21.92 for the last 200 days.

Cameco Corporation [CCJ]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cameco Corporation [CCJ] shares currently have an operating margin of -10.42 and a Gross Margin at -1.29. Cameco Corporation’s Net Margin is presently recorded at -6.95.

Return on Equity for this stock declined to -2.09, with Return on Assets sitting at -1.36.

Cameco Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 5.20.

Cameco Corporation [CCJ]: Insider Ownership positions

There are presently around $6,587 million, or 70.10% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 17,326,319, which is approximately -5.167% of the company’s market cap and around 0.20% of the total institutional ownership; WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, holding 13,415,001 shares of the stock with an approximate value of $376.69 million in CCJ stocks shares; and VANGUARD GROUP INC, currently with $353.42 million in CCJ stock with ownership of nearly 2.054% of the company’s market capitalization.

Positions in Cameco Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 192 institutional holders increased their position in Cameco Corporation [NYSE:CCJ] by around 30,497,168 shares. Additionally, 173 investors decreased positions by around 35,382,694 shares, while 50 investors held positions by with 168,702,413 shares. The mentioned changes placed institutional holdings at 234,582,275 shares, according to the latest SEC report filing. CCJ stock had 74 new institutional investments in for a total of 9,452,189 shares, while 34 institutional investors sold positions of 6,102,309 shares during the same period.