We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cameco (CCJ) Stock Slides as Market Rises: Facts to Know Before You Trade
Read MoreHide Full Article
Cameco (CCJ - Free Report) closed the latest trading day at $47.90, indicating a -1.74% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.
The uranium producer's shares have seen an increase of 19.57% over the last month, surpassing the Basic Materials sector's gain of 3.94% and the S&P 500's gain of 1.65%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. On that day, Cameco is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 65%.
Investors should also take note of any recent adjustments to analyst estimates for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cameco is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Cameco is currently exchanging hands at a Forward P/E ratio of 23.16. This represents a premium compared to its industry's average Forward P/E of 16.5.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cameco (CCJ) Stock Slides as Market Rises: Facts to Know Before You Trade
Cameco (CCJ - Free Report) closed the latest trading day at $47.90, indicating a -1.74% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.
The uranium producer's shares have seen an increase of 19.57% over the last month, surpassing the Basic Materials sector's gain of 3.94% and the S&P 500's gain of 1.65%.
Analysts and investors alike will be keeping a close eye on the performance of Cameco in its upcoming earnings disclosure. On that day, Cameco is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 65%.
Investors should also take note of any recent adjustments to analyst estimates for Cameco. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cameco is holding a Zacks Rank of #5 (Strong Sell) right now.
From a valuation perspective, Cameco is currently exchanging hands at a Forward P/E ratio of 23.16. This represents a premium compared to its industry's average Forward P/E of 16.5.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.