How to Buy Cameco Stock
Cameco Corp
Cameco is a uranium company located in Saskatchewan, Canada, which is part of the Basic Materials sector, and is traded under the ticker CCJ on the NYSE exchange.
Cameco stock last closed at $49.51, down 0.32% from the previous day, and has increased 1.12% in one year. It has underperformed other stocks in the Uranium industry by 0.07 percentage points. Cameco stock is currently +39.74% from its 52-week low of $35.43, and -20.85% from its 52-week high of $62.55.
There are currently 433.38M CCJ shares outstanding. The market capitalization of CCJ is $21.46B. In the last 24 hours, 3.31M CCJ shares were traded.
How to Buy Cameco Stock
Not sure how to invest in Cameco stock? Here's how.
- Decide where to buy Cameco stock: You need to pick a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Cameco stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Pick your payment method and add your information.
- Analyze Cameco stock: The Cameco ticker symbol is CCJ. Is Cameco stock a good investment? Should you buy shares of CCJ? How do CCJ's underlying business fundamentals look? Do top analysts think Cameco is a good buy? Why has CCJ's stock price moved recently? (Hint: Our stock market research tools can help you figure out if CCJ is a good stock to buy).
- Place your CCJ purchase: Decide if you will purchase CCJ shares at the current market price or use a limit order to purchase CCJ stock at a particular price.
- Keep an eye on your investment in CCJ: Create a watchlist to the latest updates on your new investment in Cameco shares.
Step 1: Decide where to buy Cameco stock
You need a brokerage account to access the NYSE market and buy CCJ shares.
Our favorite brokerage: eToro
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- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro now.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you are able to invest in CCJ stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Send your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've filled out your info on app for stock, you can securely and quickly fund your account:
Check out this video walkthrough for more details depositing funds into your brokerage account.
Step 4: Analyze Cameco stock
After you have selected the best place to buy Cameco stock, it's very important to research their stock before you invest, so you actually wrap your head around the risk and upside.
Cameco shares at a glance
Cameco Fundamentals
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CCJ's stock page.
What is the fair value of CCJ stock?
Investors use many financial metrics, analyses, models, and charts to gauge CCJ's intrinsic value.
Using relative valuations methods:
- CCJ could be overvalued based on its P/E ratio of 79.98x, relative to Uranium industry P/E ratio of 46.06x
- CCJ could be overvalued based on its P/B ratio of 4.72x, relative to Uranium industry P/B ratio of 4.24x
- CCJ may be overvalued based on its PEG ratio of 1.83x
You can access additional valuation research on CCJ's stock here.
CCJ Financial Health Overview
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the CCJ balance sheet.
- CCJ profit margin has gone up from 4.8% to 13.9% in the past year.
- CCJ earnings of $450.04M is not sufficient to cover its interest payments.
- CCJ's operating cash flow of $513.53M allows it to safely service it's debt of $1.33B.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the CCJ balance sheet.
- CCJ has a relatively high debt to equity ratio of 0.63.
- Total CCJ debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Cameco stock
Out of 2 Wall Street analysts who research CCJ, the consensus analyst rating on Cameco is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Cameco stock forecast page.
CCJ Momentum
How is CCJ performing as a company?
Last year, CCJ earnings were $269.29M. In the last five year, CCJ's earnings have grown by 14.94% per year. This was faster than the Uranium industry average of 14.43%.
Last year, CCJ revenue was $1.93B. During the past five year, CCJ's revenue has grown by 4.66% per year. This was faster than the Uranium industry average of -0.01%.
You can analyze CCJ's earnings and revenue performance here.
Who is buying/selling CCJ?
Over the past year, executives and large shareholders at CCJ have not bought or sold any shares.
Learn more about who owns CCJ shares here.
Can I get consistent income from CCJ stock?
Cameco pays a dividend of 0.32%, compared to the Uranium industry's average dividend yield of 0.32%. If you owned $1,000 of CCJ stock, you would have received $3.23 in the past year.
Cameco dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Cameco dividend yield and history here.
What others are saying about CCJ
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your CCJ purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Hit the Open button and eToro will place the order.
If you require more help with investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in CCJ
Now that you own some CCJ stock, you'll want to stay up-to-date on your investment.
Start a watchlist to get alerted to the latest events about your CCJ stock.
CCJ Feed
How to Buy Stock in Cameco
To summarize, here are the 6 steps you need to take to buy Cameco stock right now:
- Decide where to buy Cameco stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Analyze Cameco stock
- Place your CCJ purchase
- Keep an eye on your investment in CCJ
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to monitor your investment in Cameco, click the button below.
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