Stock Rating Upgrade
The Value Trend Rating for Cameco Corp (NYSE: CCJ) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Cameco Corp (NYSE: CCJ) stock closed at $46.92 on 5/1/24 after a large increase of 2.8%. Moreover, above average trading volume at 139% of normal accompanied the advance. The stock has declined -3.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CCJ is expected to continue to be a Value Builder.
Cameco has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Cameco has a neutral Appreciation Score of 43 but a good Power Rating of 82, resulting in the Positive Value Trend Rating.
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