Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Cameco Corp (USA) before investing.

In this article, we go over a few key elements for understanding Cameco Corp (USA)’s stock price such as:

• Cameco Corp (USA)’s current stock price and volume
• Why Cameco Corp (USA)’s stock price changed recently
• Upgrades and downgrades for CCJ from analysts
• CCJ’s stock price momentum as measured by its relative strength

About Cameco Corp (USA) (CCJ)

Before we jump into Cameco Corp (USA)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Cameco Corporation is a Canada-based company engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. It operates through two segments: uranium and fuel services. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650 kilometer (Km) northeast of Perth and approximately 750 km south of the Company’s Kintyre project.

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Cameco Corp (USA)’s Stock Price as of Market Close

As of February 08, 2024, 4:00 PM, CST, Cameco Corp (USA)’s stock price was $44.72.

Cameco Corp (USA) is down 6.93% from its previous closing price of $48.05.

During the last market session, Cameco Corp (USA)’s stock traded between $47.12 and $48.31. Currently, there are 433.59 million shares of Cameco Corp (USA) stock available for purchase.

Cameco Corp (USA)’s price-earnings (P/E) ratio is currently at 106.4, which is high compared to the Uranium industry median of 41.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Cameco Corp (USA) Stock Price History

Cameco Corp (USA)’s (CCJ) price is currently down 6.35% so far this month.

During the month of February, Cameco Corp (USA)’s stock price has reached a high of $51.33 and a low of $44.55.

Over the last year, Cameco Corp (USA) has hit prices as high as $51.33 and as low as $23.69. Year to date, Cameco Corp (USA)’s stock is up 97.27%.

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What Caused Cameco Corp (USA) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 07, 2024, there were 3 analysts who downgraded Cameco Corp (USA)’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Cameco Corp (USA)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Cameco Corp (USA)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Cameco Corp (USA)’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Cameco Corp (USA) (CCJ) by visiting AAII Stock Evaluator.

Relative Price Strength of Cameco Corp (USA)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 07, 2024, Cameco Corp (USA) has a weighted four-quarter relative price strength of 8.38%, which translates to a Momentum Score of 88 and is considered to be Very Strong.

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Cameco Corp (USA) Stock Price: Bottom Line

As of February 8, 2024, Cameco Corp (USA)’s stock price is $44.72, which is down 6.93% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Cameco Corp (USA) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.