A McLellan - Cameco Corp Independent Director

CCO Stock  CAD 84.01  1.07  1.26%   

Insider

A McLellan is Independent Director of Cameco Corp since 2006.
Age 68
Tenure 18 years
Address 2121-11th Street West, Saskatoon, SK, Canada, S7M 1J3
Phone306 956 6200
Webhttps://www.cameco.com

Cameco Corp Management Efficiency

The company has return on total asset (ROA) of 0.0214 % which means that it generated a profit of $0.0214 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0189 %, meaning that it generated $0.0189 on every $100 dollars invested by stockholders. Cameco Corp's management efficiency ratios could be used to measure how well Cameco Corp manages its routine affairs as well as how well it operates its assets and liabilities. As of the 25th of November 2024, Return On Tangible Assets is likely to grow to 0.04. Also, Return On Capital Employed is likely to grow to 0.05. At this time, Cameco Corp's Intangible Assets are very stable compared to the past year. As of the 25th of November 2024, Other Assets is likely to grow to about 1.4 B, while Total Assets are likely to drop about 6.2 B.
Cameco Corp has accumulated 1.79 B in total debt with debt to equity ratio (D/E) of 0.21, which may suggest the company is not taking enough advantage from borrowing. Cameco Corp has a current ratio of 4.68, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Cameco Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Cameco Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cameco Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cameco to invest in growth at high rates of return. When we think about Cameco Corp's use of debt, we should always consider it together with cash and equity.

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The company operates in two segments, Uranium and Fuel Services. Cameco Corporation was incorporated in 1987 and is headquartered in Saskatoon, Canada. CAMECO CORP operates under Uranium classification in Canada and is traded on Toronto Stock Exchange. It employs 1885 people. Cameco Corp (CCO) is traded on Toronto Exchange in Canada and employs 22 people. Cameco Corp is listed under Oil, Gas & Consumable Fuels category by Fama And French industry classification.

Management Performance

Cameco Corp Leadership Team

Elected by the shareholders, the Cameco Corp's board of directors comprises two types of representatives: Cameco Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cameco. The board's role is to monitor Cameco Corp's management team and ensure that shareholders' interests are well served. Cameco Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cameco Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Donald Deranger, Independent Director
Timothy Gitzel, Chief Executive officer and President and Director
Cory Kos, VicePresident Relations
James Gowans, Independent Director
Daniel Camus, Independent Director
Alain PGeo, Chief Services
David Doerksen, Senior Officer
Ian Bruce, Non-Executive Independent Chairman of the Board
Heidi Shockey, VicePres Controller
Grant Isaac, Chief Financial Officer, Senior Vice President
Scott McHardy, Director Exploration
Rachelle Girard, IR Contact Officer
Dominic Kieran, Global Ltd
Sean Quinn, Senior Vice President, Chief Legal Officer, Corporate Secretary
A McLellan, Independent Director
Brian Reilly, Chief Operating Officer, Senior Vice President
Catherine Gignac, Independent Director
Alice IcdD, Senior Officer
Donald Kayne, Independent Director
C Eng, Director Services
Alice Wong, Senior Vice President, Chief Corporate Officer
Kathryn Jackson, Independent Director

Cameco Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Cameco Corp a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Cameco Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cameco Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cameco Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cameco Stock

  0.92ENB-PFV Enbridge Pref 5PairCorr
  0.8ENB-PFU Enbridge Pref LPairCorr
  0.89ENS E Split CorpPairCorr
  0.82ENS-PA E Split CorpPairCorr

Moving against Cameco Stock

  0.71PNC-B Postmedia Network CanadaPairCorr
The ability to find closely correlated positions to Cameco Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cameco Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cameco Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cameco Corp to buy it.
The correlation of Cameco Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cameco Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cameco Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cameco Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cameco Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Cameco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Cameco Corp Stock. Highlighted below are key reports to facilitate an investment decision about Cameco Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cameco Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Cameco Stock, please use our How to Invest in Cameco Corp guide.
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Please note, there is a significant difference between Cameco Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cameco Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cameco Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.