Cameco Corp. (NYSE: CCJ) – Suitable For Long Term Buy?

Currently, there are 434.18M common shares owned by the public and among those 433.02M shares have been available to trade.

However, the script later moved the day high at 41.30, down -1.12%. The company’s stock has a 5-day price change of -1.28% and -7.80% over the past three months. CCJ shares are trading -5.41% year to date (YTD), with the 12-month market performance up to 55.02% higher. It has a 12-month low price of $23.69 and touched a high of $51.33 over the same period. CCJ has an average intraday trading volume of 5.50 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.42%, -8.13%, and 4.98% respectively.

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Institutional ownership of Cameco Corp. (NYSE: CCJ) shares accounts for 75.60% of the company’s 434.18M shares outstanding.

It has a market capitalization of $17.70B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 66.28, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 1.38 and a Quick Ratio of 0.97 with the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.43% over the week and 3.75% over the month.

Analysts forecast that Cameco Corp. (CCJ) will achieve an EPS of $0.24 for the current quarter, $0.21 for the next quarter and $1.22 for 2025. The lowest estimate earnings-per-share for the quarter is $0.08 while analysts give the company a high EPS estimate of $0.52. Comparatively, EPS for the current quarter was $0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 87.50%, and 51.58% over the next financial year. EPS should grow at an annualized rate of 48.09% over the next five years, compared to 13.73% over the past 5-year period.

RBC Capital Mkts on their part issued Outperform rating on April 11, 2022.

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