Back to top

Image: Bigstock

Should Cameco (CCJ) Be On Your Radar Now?

Read MoreHide Full Article

It can be very difficult to find companies that are both flying under the radar, and still might have potential for gains. Many times, stocks are off investors’ radar screens for a reason, though there are some hidden gems that could be worth uncovering by those with a high risk tolerance.  

One way to find these underappreciated stocks is by looking at companies that haven’t seen their share prices move higher lately, but have observed analysts raising earnings estimates for their stock. This trend could signal that investors haven’t quite embraced the rising estimate story yet, but that the potential for a big move higher is definitely there.

One such company that looks well positioned for a solid gain, but has been overlooked by investors lately, is Cameco Corporation (CCJ - Free Report) . This Mining – Miscellaneous industry stock has actually seen estimates rise over the past month for the current fiscal year by about 19.3%. But that is not yet reflected in its price, as the stock lost 13% over the same time frame.

You should not be concerned about the price remaining muted going forward. This year’s expected earnings growth over the prior year is significant, which should ultimately translate into price appreciation.

And if this isn’t enough, CCJ currently carries a Zacks Rank #2 (Buy) which further underscores the potential for its outperformance (See the performance of Zacks' portfolios and strategies here: About Zacks Performance).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So if you are looking for a stock flying under-the-radar that is well-equipped to bounce down the road, make sure to consider Cameco. Solid estimate revisions and an impressive Zacks Rank suggest that better days may be ahead for CCJ and that now might be an interesting buying opportunity.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Cameco Corporation (CCJ) - free report >>

Published in