Cameco (CCJ) Getting Somewhat Favorable Press Coverage, Report Finds

News coverage about Cameco (NYSE:CCJ) (TSE:CCO) has been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest 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 press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of brokerages have issued reports on CCJ. Scotiabank lowered Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research raised Cameco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 27th. Royal Bank of Canada dropped their price objective on Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Bank of America boosted their price objective on Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 4th. Finally, TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.33.

Cameco (NYSE CCJ) traded up $0.06 on Friday, hitting $9.86. The stock had a trading volume of 2,878,100 shares, compared to its average volume of 2,390,000. Cameco has a 12 month low of $7.68 and a 12 month high of $13.36. The company has a quick ratio of 2.16, a current ratio of 5.40 and a debt-to-equity ratio of 0.30. The company has a market cap of $3,900.00, a P/E ratio of -17.00 and a beta of 1.31.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported ($0.10) 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 firm had revenue of $486.00 million during the quarter, compared to the consensus estimate of $486.84 million. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was down 27.5% on a year-over-year basis. research analysts expect that Cameco will post 0.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Thursday, December 28th. Cameco’s dividend payout ratio is presently -53.45%.

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About Cameco

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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