Is Cameco Corporation's recent stock performance influenced by its fundamentals?

Is Cameco Corporation's (TSE:CCO) Recent Stock Performance Influenced By Its Fundamentals In Any Way? Cameco's (TSE:CCO) stock is up by a considerable 20% over the past three months. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes.

What happened to Cameco (CCJ) shares?

Shares of Canadian uranium miner Cameco Corporation (NYSE: CCJ), which have more than doubled in price over the past year and hit an all-time high late last month, turned tail and dropped 5.6% through close of trading Tuesday.

Did Cameco's comments spook investors?

But here's where Cameco's comments took a turn for the worse and may have spooked investors: Uranium prices took off like a rocketship this year, spiking from less than $47 per pound at the start of the year to as high as $87 per pound today. That's gotten uranium investors excited and powered a lot of Cameco's share-price gains this week.

What is Cameco's return on equity?

In this article, we decided to focus on Cameco's ROE. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. How To Calculate Return On Equity?