Cameco: Considerable Upside Ahead?

10:51 pm ET, 05 Dec 2017

cameco nuclear energy

Cameco Corporation (NYSE: CCJ) produces and sells uranium worldwide. It operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration, mining, and milling, as well as purchase and sale of uranium concentrates.

Cameco announced that it would cut production beginning in January 2018.  Kazakhstan followed with its own production-cut announcement on December 4, strengthening a point of view that uranium prices will rebound to $65 per pound in real terms by 2021, compared with about $23 per pound currently. 

Cameco shares rose 13% on the news, but there is still considerable upside. NAC KazAtomProm, the government-owned uranium miner, plans a 20% production cut that will coincide with Cameco's January 2018 cut and is slated to last for three years. Kazakhstan accounts for almost 40% of global primary uranium production, so this is a meaningful move. 

Collectively, supply cuts from Kazakhstan and Cameco should allow uranium prices to recover more rapidly as China continues to build out its massive nuclear reactor fleet, increasing long-term demand.

Over the last year, CCJ has returned +8.71%.  This return is higher than Basic Materials Sector (3.17%) and Industrial Metals & Minerals Industry (6.08%) returns, but lower than S&P 500 (19.27%) return.

To check out the latest analyst consensus price target for Cameco, use Finbot (type "CCJ upside" or "CCJ price target").

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

Cameco Corporation (CCJ) Stock Guide

Updated at: 3:43 am ET, 12 Jul 2020

Before we start: if you're looking for CCJ stock price, you can quickly find it out by visiting Finny and typing "CCJ quote". If you're looking for a quick scoop on CCJ stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "CCJ". You'll get all this info in one place. Or you can just type "CCJ news" to get the latest stock news.

Looking to buy or sell Cameco Corporation (CCJ)? Interested in getting the full scoop on CCJ, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this CCJ stock guide, we'll address key questions about CCJ, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are CCJ earnings?
2. When is CCJ earnings date?
3. What is CCJ dividend?
4. What is CCJ dividend yield?
5. What is CCJ stock forecast (i.e., prediction)?
6. CCJ buy or sell? What is CCJ Finny Score?
7. What are the reasons to buy CCJ? Why should I buy CCJ stock?
8. What are the reasons to sell CCJ? Why should I sell CCJ stock?
9. What are CCJ key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are CCJ earnings?

CCJ trailing 12-month earnings per share (EPS) is -$0.10.

2. When is CCJ earnings date?

CCJ earnings date is undefined.

3. What is CCJ dividend?

CCJ forward dividend is $0.06.

4. What is CCJ dividend yield?

CCJ forward dividend yield is 0.59%.

Analyst Predictions

5. What is CCJ stock forecast (i.e., prediction)?

Based on CCJ analyst price targets, CCJ stock forecast is $10.86 (for a year from now). That means the average analyst price target for CCJ stock is $10.86. The prediction is based on 8 analyst estimates.

The low price target for CCJ is $7.00, while the high price target is $12.24.

CCJ analyst rating is Buy.

Analysis

6. CCJ buy or sell? What is CCJ Finny Score?

#{finnyScore:75}Our quantitative analysis shows 6 reasons to buy and 2 reasons to sell CCJ, resulting in Finny Score of 75.

7. What are the reasons to buy CCJ? Why should I buy CCJ stock?

Here are the reasons to buy CCJ stock:

  • CCJ quarterly revenue growth was 16.10%, higher than the industry and sector average revenue growth (0.16% and 0.52%, respectively). See CCJ revenue growth chart.
  • CCJ profitability is improving. The YoY profit margin change was 17.44 percentage points. See CCJ profitability chart.
  • CCJ forward dividend yield is 0.59%, higher than the industry (0.09%) and sector (0.29%) forward dividend yields. See CCJ forward dividend chart.
  • CCJ forward P/E ratio is 22.25, which is low compared to its industry peers’ P/E ratios. See CCJ forward P/E ratio chart.
  • CCJ PEG ratio (P/E adjusted for growth) is 6.42, which is low compared to its industry peers’ PEG ratios. See CCJ PEG chart.
  • CCJ average analyst rating is Buy. See CCJ analyst rating chart.

8. What are the reasons to sell CCJ? Why should I sell CCJ stock?

Let's look at the reasons to sell CCJ stock (i.e., the bear case):

  • CCJ stock price ($10.85) is close to the 52-week high ($11.13). Perhaps now is a good time to sell? See CCJ price chart.
  • CCJ short interest (days to cover the shorts) ratio is 3.19. The stock garners more short interest than the average industry, sector or S&P 500 stock. See CCJ short interest ratio chart.

Key Stats

9. What are CCJ key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for CCJ:

Metrics CCJ
Price $10.32
Average Price Target / Upside $10.86 / 5.23%
Average Analyst Rating Hold
Forward Dividend Yield 0.59%
Industry Industrial Metals & Minerals
Sector Basic Materials
Number of Employees 2,620
Market Cap $4.12B
Forward P/E Ratio 23.57
Price/Book Ratio N/A
Revenue (TTM) N/A
YoY Quarterly Revenue Growth 35.50%
Profit Margin 2.08%

If you liked this analysis, check out Stock Guides for other stocks.

Disclaimer: The news article above expresses the author’s opinion about the topic of the article. We strongly advise you not to base your investment decisions just on this article alone. If you’d like to become a writer for Finny Bites, please send us an email at hi@askfinny.com.

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