Cameco Corp (NYSE: CCJ) suffers from extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent meaningful negative changes in fundamentals have impacted Cameco Corp (NYSE: CCJ): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CCJ is expected to continue to be a Value Builder.
Cameco has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Cameco has a neutral Appreciation Score of 50 and a neutral Power Rating of 60, leading to the High Neutral Value Trend Rating.
Recent Price Action
Cameco Corp (NYSE: CCJ) stock closed at $36.90 on 8/5/24 after a decline of -3.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 303% of normal. The stock has declined -18.3% during the last week but has been strong relative to the market over the last nine months.
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