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 $44.64 on 7/29/24 after a modest decline of -1.2%. This decline was accompanied by normal trading volume. The stock has declined -4.3% during the last week but has been strong relative to the market over the last nine months.
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). 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 46 but a good Power Rating of 72, and the High Neutral Value Trend Rating results.
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