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0.00186581668351092 0.003187436834331 0.00474228407059017 0.00147710487444607 0.0135271709554537 0.016248153618907 0.00738552437223056 0.00621316955609122
Stock impact report

Cameco: Switching From Buy-And-Hold, To Buy The Dips And Sell The Rallies (Rating Downgrade) [Seeking Alpha]

Cameco Corporation (CCJ) 
Last cameco corporation earnings: 5/1 07:00 am Check Earnings Report
US:NYSE Investor Relations: cameco.com/invest
Company Research Source: Seeking Alpha
I shifted from buy to hold, as CCJ trades at a forward P/E of ~124, four times the S&P 500 average, which is itself arguably overpriced. While uranium market fundamentals remain strong, CCJ's NAV is only about one-third its market cap, signaling overvaluation. I plan to re-enter CCJ if its P/E drops below 100, with further buys as it approaches 80. Ole_CNX/iStock via Getty Images Investment thesis. Cameco ( CCJ ) was my top pick of the decade back in 2020, and thus far it has not disappointed, with a roughly 1,300% increase in its share price since then. Even though market fundamentals as well as the company's performance This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of URA, URG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any co Show less Read more
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