Cameco Corp Stock Buy Hold or Sell Recommendation
| CCJ Stock | USD 48.68 1.39 2.94% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Cameco Corp is 'Strong Sell'. Macroaxis provides Cameco Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CCJ positions. The advice algorithm takes into account all of Cameco Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Cameco Corp's buy or sell advice are summarized below:
Real Value 42.55 | Target Price 45.77 | Hype Value 48.5 | Market Value 48.68 | Naive Value 46.62 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Cameco Corp given historical horizon and risk tolerance towards Cameco Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Cameco Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Cameco |
Execute Cameco Corp Buy or Sell Advice
The Cameco recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Cameco Corp. Macroaxis does not own or have any residual interests in Cameco Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Cameco Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Insignificant | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Small | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Very Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Cameco Corp Trading Alerts and Improvement Suggestions
| Cameco Corp is unlikely to experience financial distress in the next 2 years | |
| Cameco Corp has a very strong financial position based on the latest SEC filings | |
| About 73.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from simplywall.st: Cameco Corporations Popularity With Investors Is Clear |
Cameco Corp Returns Distribution Density
The distribution of Cameco Corp's historical returns is an attempt to chart the uncertainty of Cameco Corp's future price movements. The chart of the probability distribution of Cameco Corp daily returns describes the distribution of returns around its average expected value. We use Cameco Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Cameco Corp returns is essential to provide solid investment advice for Cameco Corp.
| Mean Return | 0.09 | Value At Risk | -4.08 | Potential Upside | 4.57 | Standard Deviation | 2.71 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Cameco Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Cameco Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Cameco Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Cameco Corp backward and forwards among themselves. Cameco Corp's institutional investor refers to the entity that pools money to purchase Cameco Corp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Alps Advisors Inc | 2023-12-31 | 5.6 M | Bank Of Montreal | 2023-12-31 | 5.5 M | Bmo Capital Markets Corp. | 2023-12-31 | 5.5 M | Fidelity International Ltd | 2023-12-31 | 5.3 M | Bank Of America Corp | 2023-12-31 | 4.9 M | Jpmorgan Chase & Co | 2023-12-31 | 4.3 M | William Blair Investment Management, Llc | 2023-12-31 | 4.1 M | Bank Of Nova Scotia | 2023-12-31 | 3.9 M | Ameriprise Financial Inc | 2023-12-31 | 3.6 M | Fmr Inc | 2023-12-31 | 31.1 M | Vanguard Group Inc | 2023-12-31 | 15.7 M |
Cameco Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 350.9M | (144.0M) | 329.1M | (103.8M) | (576.9M) | (548.0M) | |
| Free Cash Flow | 451.8M | (20.6M) | 359.5M | 161.2M | 493.7M | 518.4M | |
| Depreciation | 275.7M | 208.7M | 190.4M | 177.4M | 251.9M | 226.1M | |
| Other Non Cash Items | (11.3M) | 81.9M | 56.7M | 149.5M | 4.0M | 3.8M | |
| Dividends Paid | 31.6M | 31.6M | 31.8M | 51.9M | 52.1M | 77.3M | |
| Capital Expenditures | 75.2M | 77.5M | 98.8M | 143.4M | 153.6M | 145.9M | |
| Net Income | 73.9M | (53.2M) | (102.7M) | 89.3M | 360.8M | 204.0M | |
| End Period Cash Flow | 1.1B | 918.4M | 1.2B | 1.1B | 566.8M | 439.8M | |
| Change To Inventory | 117M | (380.9M) | 294.4M | (226.4M) | 38.4M | 40.3M | |
| Investments | 437.4M | (101.0M) | (59.9M) | (1.3B) | 266.2M | 279.5M | |
| Change To Netincome | 60.0M | 79.9M | 61.2M | 128.3M | 147.5M | 154.9M |
Cameco Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Cameco Corp or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Cameco Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Cameco stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.12 | |
β | Beta against NYSE Composite | -0.57 | |
σ | Overall volatility | 2.74 | |
Ir | Information ratio | 0.0007 |
Cameco Corp Volatility Alert
Cameco Corp currently demonstrates below-average downside deviation. It has Information Ratio of 0.0 and Jensen Alpha of 0.12. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Cameco Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Cameco Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Cameco Corp Implied Volatility
Cameco Corp's implied volatility exposes the market's sentiment of Cameco Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cameco Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cameco Corp stock will not fluctuate a lot when Cameco Corp's options are near their expiration.
Cameco Corp Fundamentals Vs Peers
Comparing Cameco Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Cameco Corp's direct or indirect competition across all of the common fundamentals between Cameco Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Cameco Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Cameco Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Cameco Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Cameco Corp to competition |
| Fundamentals | Cameco Corp | Peer Average |
| Return On Equity | 0.0605 | -0.31 |
| Return On Asset | 0.0165 | -0.14 |
| Profit Margin | 0.14 % | (1.27) % |
| Operating Margin | 0.01 % | (5.51) % |
| Current Valuation | 22.57 B | 16.62 B |
| Shares Outstanding | 434.21 M | 571.82 M |
| Shares Owned By Insiders | 0.14 % | 10.09 % |
| Shares Owned By Institutions | 73.26 % | 39.21 % |
| Number Of Shares Shorted | 21.8 M | 4.71 M |
| Price To Earning | 116.10 X | 28.72 X |
| Price To Book | 4.84 X | 9.51 X |
| Price To Sales | 8.37 X | 11.42 X |
| Revenue | 2.59 B | 9.43 B |
| Gross Profit | 629.11 M | 27.38 B |
| EBITDA | 497.86 M | 3.9 B |
| Net Income | 360.85 M | 570.98 M |
| Cash And Equivalents | 441.86 M | 2.7 B |
| Cash Per Share | 3.11 X | 5.01 X |
| Total Debt | 1.79 B | 5.32 B |
| Debt To Equity | 0.21 % | 48.70 % |
| Current Ratio | 5.11 X | 2.16 X |
| Book Value Per Share | 14.04 X | 1.93 K |
| Cash Flow From Operations | 647.34 M | 971.22 M |
| Short Ratio | 4.65 X | 4.00 X |
| Earnings Per Share | 0.60 X | 3.12 X |
| Price To Earnings To Growth | 3.33 X | 4.89 X |
| Target Price | 52.7 | |
| Beta | 0.94 | -0.15 |
| Market Capitalization | 21.17 B | 19.03 B |
| Total Asset | 9.93 B | 29.47 B |
| Retained Earnings | 2.98 B | 9.33 B |
| Working Capital | 652.79 M | 1.48 B |
| Current Asset | 2.18 B | 9.34 B |
Cameco Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Cameco . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Cameco Corp Buy or Sell Advice
When is the right time to buy or sell Cameco Corp? Buying financial instruments such as Cameco Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 996.3M | 997M | 1.8B | 933.2M | Total Assets | 7.5B | 8.6B | 9.9B | 6.2B |
Use Investing Ideas to Build Portfolios
In addition to having Cameco Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Wireless Thematic Idea Now
Wireless
Companies providing wireless technology and communication services. The Wireless theme has 41 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Wireless Theme or any other thematic opportunities.
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Check out Cameco Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For more information on how to buy Cameco Stock please use our How to buy in Cameco Stock guide.Note that the Cameco Corp information on this page should be used as a complementary analysis to other Cameco Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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Is Cameco Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cameco Corp. If investors know Cameco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cameco Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.86) | Dividend Share 0.12 | Earnings Share 0.6 | Revenue Per Share 5.971 | Quarterly Revenue Growth 0.611 |
The market value of Cameco Corp is measured differently than its book value, which is the value of Cameco that is recorded on the company's balance sheet. Investors also form their own opinion of Cameco Corp's value that differs from its market value or its book value, called intrinsic value, which is Cameco Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cameco Corp's market value can be influenced by many factors that don't directly affect Cameco Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cameco Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cameco Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cameco Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.