Stock Rating Downgrade
In the last week the Value Trend Rating for Cameco Corp (NYSE: CCJ) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Cameco Corp (NYSE: CCJ) stock closed at $48.41 on 5/3/24 after a slight decline of -0.02%. However, exceptionally low trading volume at 49% of normal accompanied the decline. The stock has declined -1.5% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Cameco has a slightly negative Appreciation Score of 39 but a good Power Rating of 73, triggering the Neutral Value Trend Rating.
Be the first to comment