Is Cameco Corp. (NYSE:CCJ) being unfairly punished by investors?

In yesterday’s Wall Street session, Cameco Corp. (NYSE:CCJ) shares traded at $42.22, up 4.38% from the previous session.

13 analysts cover Cameco Corp. (NYSE:CCJ), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $50.91 and a low of $44.55, we find $49.55. Given the previous closing price of $40.45, this indicates a potential upside of 22.5 percent. CCJ stock price is now 9.17% away from the 50-day moving average and 33.73% away from the 200-day moving average. The market capitalization of the company currently stands at $18.29B.

The stock has received a hold rating from 1 analysts and a buy rating from 11. Brokers who have rated the stock have averaged $49.18 as their price target over the next twelve months.

A total of 0.51% of the company’s stock is owned by insiders.

On Thursday morning Cameco Corp. (NYSE: CCJ) stock kicked off with the opening price of $40.94. During the past 12 months, Cameco Corp. has had a low of $21.22 and a high of $43.11. As of last week, the company has a debt-to-equity ratio of 0.16, a current ratio of 3.85, and a quick ratio of 3.31. The fifty day moving average price for CCJ is $38.67 and a two-hundred day moving average price translates $31.57 for the stock.

The latest earnings results from Cameco Corp. (NYSE: CCJ) was released for Sep, 2023. According to the Uranium Company, earnings per share came in at -$0.01, missing analysts’ expectations of $0.09 by -0.1. This compares to -$0.04 EPS in the same period last year. The net profit margin was 11.73% and return on equity was 4.88% for CCJ. The company reported revenue of $428.61 million for the quarter, compared to $297.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.93 percent. For the current quarter, analysts expect CCJ to generate $523.12M in revenue.

Cameco Corp.(CCJ) Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, 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 and assemblies, and zirconium-based reactor components for CANDU reactors. The company offers nuclear fuel processing services. It 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.

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