Analyst Research

Cameco Corp (NYSE:CCJ) Has 60 Percent Upside Potential

Cameco Corp (NYSE:CCJ) shares traded -8.67% during the most recent session the stock exchanged hands 8.67M shares versus average trading capacity of 2.33M shares, yielding a market cap of $3.47B. Wall Street analysts covering the stock are projecting that the stock will reach $11.73 within the next 52-weeks. The mean target projections are based on 6 opinions, the mean target was last revised on 03/08/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cameco Corp (NYSE:CCJ) high price target of $13.20 and with a conservative view have low price target of $8.80 with a standard deviation of $1.80. If seeing target price from optimistic overview then it has a 60 percent upside potential from the latest closing price of $9.59.

Cameco Corp (NYSE:CCJ) received “Downgrade” rating by RBC Capital Mkts in a research note issued to investors on Feb-02-17 from Outperform to Sector Perform.

Additionally on Jan-12-17 Cameco Corp (NYSE:CCJ) was “Upgraded” by BofA/Merrill from Underperform to Neutral and on Aug-10-16 the stock was “Reiterated” by RBC Capital Mkts as Outperform from $17 to $15. Furthermore on Jul-26-16 the stock was “Reiterated” by RBC Capital Mkts as Outperform from $20 to $17.

On the other hand the company has Relative Strength Index (RSI 14) of 29.71 along with Average True Range (ATR 14) of 0.38, Consequently Cameco Corp (NYSE:CCJ) weekly and monthly volatility is 4.84%, 3.22% respectively. The company’s beta value is at 1.35.

In terms of Buy, Sell or Hold recommendations, Cameco Corp (NYSE:CCJ) has analysts’ mean recommendation of 2.30. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Previously Cameco Corp (NYSE:CCJ) reported -$0.05 earnings per share (EPS) for the quarter on 4/28/2017 Before Market Open, meeting the consensus estimate of -$0.05 by $0.00. The company posted an earnings surprise of 0.00%.

While considering growth estimates of the company, it has next quarter growth estimates of 130.00%, comparing to the estimations of 34.60% during current year and 88.60% for next year. Past 5 years growth of Cameco Corp (NYSE:CCJ) observed at -1.92%, looking forward for the next 5 years it has a strong prediction of 52.47% over growth.

Cameco Corp (NYSE:CCJ) revenue estimates for the current quarter are $273M according to 5 number of analysts, for the current quarter the company has high revenue estimates of $334.44M in contradiction of low revenue estimates of $244.89M. For the current year the company’s revenue estimates are $1.54B compared to low analyst estimates of $1.48B and high estimates of $1.73B according 8 number of analysts.

Currently Cameco Corp (NYSE:CCJ) shares owned by insiders are 0.20%, whereas shares owned by institutional owners are 70.10%. However the six-month change in the insider ownership was recorded 0.00%, as well as three-month change in the institutional ownership was recorded -0.91%.

Cameco Corp (NYSE:CCJ) trading -27.73% away from its 52 week high of $13.27 and +31.21% far from the stock’s low point over the past 52 weeks, which was $7.31. The stock hit its 52-week high on 01/17/17, and 52-week low on 11/01/16. The company’s trailing twelve month income is -45.70M dollars and is paying 3.13% dividend yield annually.

Cameco Corp (NYSE:CCJ) trailing twelve month revenues are $1.80B, whereas its price to sales ratio for the same period is 2.10. Its book value per share for the most recent quarter is $9.85 while its price to book ratio for the same period is 0.97, as for as the company’s cash per share for the most recent quarter is $0.60, however its price to cash per share ratio for the same period is 15.98. The stock has a current PEG ratio of 0.78 where as its trailing twelve month P/E ratio is -80.59.

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