The IBD SmartSelect Composite Rating for Cameco stock increased from 94 to 97 Tuesday. The stock sports a 91 Relative Strength Rating.
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The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength.
Is Cameco Stock A Buy?
Cameco stock recently broke out of a cup without handle, with a 53.48 entry. The energy stock is slightly extended and already out of a proper buying range.
The stock earns a 99 EPS Rating, which means its recent quarterly and annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Cameco Earnings
In Q1, the uranium company posted 45% earnings-per-share growth. That means it's now posted two straight quarters of rising EPS gains. Revenue growth came in at 25%, down from 40% in the prior quarter.
Cameco stock holds the No. 1 rank among its peers in the Mining-Metal Ores industry group. Mesabi Trust and Southern Copper are also among the group's highest-rated stocks.
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