Worth Watching: Can Cameco Corporation (USA)’s Tomorrow Be Different? The Stock Increases Again

Worth Watching: Can Cameco Corporation (USA)'s Tomorrow Be Different? The Stock Increases Again

The stock of Cameco Corporation (USA) (NYSE:CCJ) is a huge mover today! About 1.11M shares traded hands. Cameco Corporation (USA) (NYSE:CCJ) has declined 29.90% since April 28, 2016 and is downtrending. It has underperformed by 35.83% the S&P500.
The move comes after 9 months positive chart setup for the $3.87B company. It was reported on Dec, 1 by Barchart.com. We have $10.42 PT which if reached, will make NYSE:CCJ worth $309.60 million more.

Analysts await Cameco Corporation (USA) (NYSE:CCJ) to report earnings on February, 3. They expect $0.33 earnings per share, up 17.86% or $0.05 from last year’s $0.28 per share. CCJ’s profit will be $132.34 million for 7.31 P/E if the $0.33 EPS becomes a reality. After $0.23 actual earnings per share reported by Cameco Corporation (USA) for the previous quarter, Wall Street now forecasts 43.48% 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. Cameco has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the shares of CCJ in a report on Thursday, August 6 with “Market Perform” rating. The rating was downgraded by Bank of America on Thursday, July 21 to “Neutral”. The company was downgraded on Thursday, April 7 by Scotia Capital. The stock of Cameco Corporation (USA) (NYSE:CCJ) has “Outperform” rating given on Tuesday, November 3 by RBC Capital Markets.

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 recent Cameco Corporation (USA) (NYSE:CCJ) news were published by: Fool.ca which released: “Fukushima Earthquake Alert: Should Cameco Corporation Investors Tread With …” on November 25, 2016. Also Fool.ca published the news titled: “Is it Time to Buy Cameco Corporation?” on November 09, 2016. Fool.ca‘s news article titled: “Uranium Prices Set to Double: Time to Buy Cameco Corporation” with publication date: November 14, 2016 was also an interesting one.

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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