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Here's Why Cameco (CCJ) Fell More Than Broader Market
CCJCameco(CCJ) ZACKS·2024-12-26 23:55

Stock Performance - Shares of the uranium producer lost 8 98% in the past month while the Basic Materials sector lost 8 95% and the S&P 500 gained 1 05% [1] - In the latest trading session Cameco closed at 5256markinga01152 56 marking a -0 11% move from the previous day underperforming the S&P 500's daily loss of 0 04% [6] Earnings and Revenue Projections - Full-year earnings are expected at 0 51 per share a -10 53% change from last year while revenue is projected at 217billiona+13362 17 billion a +13 36% increase [2] - The upcoming earnings release projects earnings of 0 18 per share representing year-over-year growth of 20% and revenue of $735 56 million reflecting an 18 64% rise from the same quarter last year [7] Valuation Metrics - Cameco is currently trading at a Forward P/E ratio of 103 18 significantly higher than its industry's Forward P/E of 16 5 [4] Industry and Sector Analysis - The Mining - Miscellaneous industry part of the Basic Materials sector has a Zacks Industry Rank of 151 placing it in the bottom 40% of all 250+ industries [10] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1 based on the Zacks Industry Rank [5] Analyst Revisions and Zacks Rank - Recent revisions to analyst forecasts can reflect near-term business trends with positive revisions indicating a favorable business outlook [8] - Cameco holds a Zacks Rank of 3 (Hold) with the consensus EPS projection remaining stagnant over the past 30 days [9]