Cameco Corp Stock Today
CCO Stock | CAD 56.78 1.14 2.05% |
Performance0 of 100
| Odds Of DistressLess than 1
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Cameco Corp is selling at 56.78 as of the 18th of March 2024; that is 2.05 percent up since the beginning of the trading day. The stock's open price was 55.64. Cameco Corp has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Cameco Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 17th of February 2024 and ending today, the 18th of March 2024. Click here to learn more.
Business Domain Energy |
The company operates in two segments, Uranium and Fuel Services. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada. CAMECO CORP operates under Uranium classification in Canada and is traded on Toronto Stock Exchange. It employs 1885 people. The company has 434.18 M outstanding shares of which 3.48 M shares are currently shorted by private and institutional investors with about 3.56 days to cover all short positions. More on Cameco Corp
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Moving against Cameco Stock
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Follow Valuation Profit Patterns Odds of Bankruptcy
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Cameco Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Cameco Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Cameco Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO | Timothy Gitzel | ||||
Business Concentration | Oil, Gas & Consumable Fuels, Uranium, Energy, Energy, Oil, Gas & Consumable Fuels, Uranium, Energy (View all Sectors) | ||||
Cameco Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Cameco Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Cameco Corp's financial leverage. It provides some insight into what part of Cameco Corp's total assets is financed by creditors.
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Cameco Corp (CCO) is traded on Toronto Exchange in Canada and employs 25 people. Cameco Corp is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.16 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Cameco Corp's market, we take the total number of its shares issued and multiply it by Cameco Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Cameco Corp operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 434.18 M outstanding shares of which 3.48 M shares are currently shorted by private and institutional investors with about 3.56 days to cover all short positions.
Cameco Corp has accumulated about 441.86 M in cash with 564.31 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.0.
Check Cameco Corp Probability Of Bankruptcy
Ownership AllocationCameco Corp holds a total of 434.18 Million outstanding shares. The majority of Cameco Corp outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Cameco Corp to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Cameco Corp. Please pay attention to any change in the institutional holdings of Cameco Corp as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Cameco Ownership Details
Cameco Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Cameco Corp jumping above the current price in 90 days from now is about 75.8%. The Cameco Corp probability density function shows the probability of Cameco Corp stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Cameco Corp has a beta of 0.8054 suggesting as returns on the market go up, Cameco Corp average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Cameco Corp will be expected to be much smaller as well. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Cameco Corp is significantly underperforming NYSE Composite.
Based on a normal probability distribution, the odds of Cameco Corp to move above the current price in 90 days from now is about 75.8 (This Cameco Corp probability density function shows the probability of Cameco Stock to fall within a particular range of prices over 90 days) .
Cameco Corp Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Cameco Corp market risk premium is the additional return an investor will receive from holding Cameco Corp long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Cameco Corp. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Cameco Corp's alpha and beta are two of the key measurements used to evaluate Cameco Corp's performance over the market, the standard measures of volatility play an important role as well.
Mean Deviation | 2.09 | |||
Standard Deviation | 2.74 | |||
Variance | 7.48 | |||
Risk Adjusted Performance | (0.02) |
Cameco Stock Against Markets
Picking the right benchmark for Cameco Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Cameco Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Cameco Corp is critical whether you are bullish or bearish towards Cameco Corp at a given time. Please also check how Cameco Corp's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Cameco Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Cameco Corp Corporate Directors
Cameco Corp corporate directors refer to members of a Cameco Corp board of directors. The board of directors generally takes responsibility for the Cameco Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Cameco Corp's board members must vote for the resolution. The Cameco Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Donald Deranger | Independent Director | Profile | |
Anne McLellan | Independent Director | Profile | |
Daniel Camus | Independent Director | Profile | |
Catherine Gignac | Independent Director | Profile |
How to buy Cameco Stock?
Before investing in Cameco Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Cameco Corp. To buy Cameco Corp stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Cameco Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Cameco Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Cameco Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Cameco Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Cameco Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Cameco Stock please use our How to Invest in Cameco Corp guide.
Already Invested in Cameco Corp?
The danger of trading Cameco Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Cameco Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Cameco Corp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Cameco Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Cameco Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Cameco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cameco Corp Stock. Highlighted below are key reports to facilitate an investment decision about Cameco Corp Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Cameco Stock analysis
When running Cameco Corp's price analysis, check to measure Cameco Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cameco Corp is operating at the current time. Most of Cameco Corp's value examination focuses on studying past and present price action to predict the probability of Cameco Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cameco Corp's price. Additionally, you may evaluate how the addition of Cameco Corp to your portfolios can decrease your overall portfolio volatility.
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