Cameco Corp (NYSE: CCJ). Notable negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Cameco Corp (NYSE: CCJ): negative upside/downside volume developed.
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 (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cameco has a neutral Power Rating of 50 and a neutral Appreciation Score of 46, leading to the Neutral Value Trend Rating.
Recent Price Action
Cameco Corp (NYSE: CCJ) stock closed at $40.25 on 8/29/24 after a modest decline of -1.1%. However, trading volume in this decline was unusually low at 62% of normal. The stock has declined -2.8% during the last week and has performed in line with the market over the last nine months.
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