Based on the Cameco Stock Forecast from 5 analysts, the average analyst CCJ stock price target is USD 44.88 over the next 12 months. Cameco Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of CCJ stock forecast is Slightly Bullish, which is based on 9 positive signals and 6 negative signals. At the last closing, Cameco stock price was USD 25.82. Cameco stock price has changed by -2.15% over the past week, -4.39% over the past month and +5.43% over the last year.
About Cameco Corp. (CCJ:NYE):
Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services. This segment also produces fuel bundles or reactor components for CANDU reactors. The company sells its uranium and fuel services to nuclear utilities in the Americas, Europe, and Asia. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada.
What we like:
High market capitalization
Cameco stock is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
The annual returns for Cameco stock have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Superior total returns
CCJ stock has outperformed its sector peers on average annual total returns basis in the past 5 years (for a hold period of at least 12 months) and is in the top quartile.
Underpriced compared to book value
CCJ stock price is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Superior capital utilization
Cameco stock management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.
Superior return on assets
Cameco stock management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
Cameco stock had positive total cash flow in the most recent four quarters.
Positive free cash flow
Cameco stock had positive total free cash flow in the most recent four quarters.
Superior Dividend Growth
CCJ stock has shown top quartile dividend growth in the previous 5 years compared to its sector.
What we don’t like:
Below median dividend returns
The average income yield of CCJ stock over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to earnings
CCJ stock price is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
CCJ stock price is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the market news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
CCJ stock price is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
Low Earnings Growth
CCJ stock has shown below median earnings growth in the previous 5 years compared to its sector.