News stories about Cameco (NYSE:CCJ) (TSE:CCO) have been trending somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cameco earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.4897939140843 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of research analysts recently issued reports on CCJ shares. Zacks Investment Research upgraded Cameco from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, October 16th. Bank of America boosted their price objective on Cameco from $27.00 to $29.00 and gave the company an “underperform” rating in a research report on Wednesday, October 4th. Scotiabank lowered Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Royal Bank of Canada reduced their price objective on Cameco from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, October 20th. Finally, TheStreet lowered Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Cameco presently has an average rating of “Hold” and an average target price of $18.33.
Cameco (NYSE:CCJ) traded up $0.06 during trading hours on Friday, reaching $9.86. The company had a trading volume of 2,878,100 shares, compared to its average volume of 2,390,000. Cameco has a twelve month low of $7.68 and a twelve month high of $13.36. The firm has a market cap of $3,900.00, a price-to-earnings ratio of -17.00 and a beta of 1.31. The company has a quick ratio of 2.16, a current ratio of 5.40 and a debt-to-equity ratio of 0.30.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.20). Cameco had a negative return on equity of 0.69% and a negative net margin of 13.04%. The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $486.84 million. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was down 27.5% compared to the same quarter last year. sell-side analysts forecast that Cameco will post 0.05 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.078 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.31 dividend on an annualized basis and a yield of 3.16%. Cameco’s dividend payout ratio (DPR) is presently -53.45%.
Cameco Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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