The stock of Cameco Corporation (USA) (NYSE:CCJ) hit a new 52-week low and has $7.77 target or 7.00% below today’s $8.35 share price. The 5 months bearish chart indicates high risk for the $3.26 billion company. The 1-year low was reported on Oct, 4 by Barchart.com. If the $7.77 price target is reached, the company will be worth $228.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 245,737 shares traded hands. Cameco Corporation (USA) (NYSE:CCJ) has declined 31.35% since March 1, 2016 and is downtrending. It has underperformed by 40.59% the S&P500.
Analysts await Cameco Corporation (USA) (NYSE:CCJ) to report earnings on November, 4. They expect $0.25 earnings per share, up 66.67% or $0.10 from last year’s $0.15 per share. CCJ’s profit will be $97.60M for 8.35 P/E if the $0.25 EPS becomes a reality. After $-0.11 actual earnings per share reported by Cameco Corporation (USA) for the previous quarter, Wall Street now forecasts -327.27% EPS growth.
Cameco Corporation (USA) (NYSE:CCJ) Ratings Coverage
Out of 4 analysts covering Cameco (NYSE:CCJ), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $24 is the highest target while $17 is the lowest. The $20.50 average target is 145.51% above today’s ($8.35) stock price. Cameco has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, August 6 report. The firm has “Neutral” rating given on Thursday, July 21 by Bank of America. Scotia Capital downgraded the shares of CCJ in a report on Thursday, April 7 to “Sector Perform” rating. On Tuesday, November 3 the stock rating was maintained by RBC Capital Markets with “Outperform”.
According to Zacks Investment Research, “Cameco Corporation is the world’s largest publicly traded uranium company and a growing gold producer. Its uranium products are used to generate electricity in nuclear power plants around the world, providing one of the cleanest sources of energy available today.”
More notable recent Cameco Corporation (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Cameco Corporation: The Longest-Term Investment Possible” on September 30, 2016, also Fool.ca with their article: “Cameco Corporation vs. Encana Corp.: Which Is a Better Bet Today?” published on September 01, 2016, Fool.ca published: “Cameco Corporation: How Low Could This Stock Go?” on September 21, 2016. More interesting news about Cameco Corporation (USA) (NYSE:CCJ) were released by: Fool.ca and their article: “Should You Buy Cameco Corporation or Kinross Gold Corporation Today?” published on September 19, 2016 as well as Fool.ca‘s news article titled: “Cameco Corporation: Should You Add This Stock to Your Contrarian Portfolio?” with publication date: August 31, 2016.
CCJ Company Profile
Cameco Corporation (Cameco), incorporated on January 1, 1997, is a uranium producer. The Firm is engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Firm operates through three divisions: uranium, fuel services and NUKEM. Cameco conducts a portion of its exploration, development, mining and milling activities through joint activities located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River, Key Lake and Cigar Lake. The Company’s subsidiaries include Cameco Fuel Manufacturing Inc. (CFM), Cameco Inc., Power Resources, Inc., Crow Butte Resources, Inc., NUKEM Investments GmbH, Cameco Australia Pty. Ltd. and Cameco Europe Ltd.
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