News headlines about Cameco Corporation (NYSE:CCJ) (TSE:CCO) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cameco Corporation earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 22 out of 100, meaning that recent news coverage is very unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern’s analysis:
- Cameco Corp (USA) (CCJ) EPS Estimated At $ – Newburgh Gazette (newburghgazette.com)
- Is The Needle Ready to Move For Cameco Corp (CCJ) Shares? – Evergreen Caller (evergreencaller.com)
- CanAlaska Uranium: Cameco Commences Drill Program on West … – Junior Mining Network (juniorminingnetwork.com)
- Uranium miners Cameco, Denison downgraded at Credit Suisse – Seeking Alpha (seekingalpha.com)
- Credit Suisse Downgrades Cameco Corporation (CCJ) to Underperform – StreetInsider.com (streetinsider.com)
Cameco Corporation (NYSE:CCJ) traded down 1.716% on Friday, reaching $9.907. 755,806 shares of the company’s stock traded hands. The stock’s market cap is $3.92 billion. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36. The company’s 50 day moving average is $9.42 and its 200-day moving average is $10.57.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. Equities analysts expect that Cameco Corporation will post $0.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.0741 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a yield of 2.94%. Cameco Corporation’s dividend payout ratio is presently -100.00%.
A number of equities analysts recently weighed in on the stock. Credit Suisse Group lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday. BidaskClub raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Bank of America Corporation cut shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Royal Bank Of Canada began coverage on shares of Cameco Corporation in a report on Thursday, June 29th. They issued an “outperform” rating and a $16.00 target price on the stock. Finally, Zacks Investment Research raised shares of Cameco Corporation from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Cameco Corporation currently has a consensus rating of “Hold” and a consensus price target of $14.92.
Cameco Corporation 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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