Press coverage about Cameco (NYSE:CCJ) (TSE:CCO) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cameco earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 46.6401169199357 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Cameco (CCJ) opened at $9.72 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.16 and a current ratio of 5.40. Cameco has a 12-month low of $7.68 and a 12-month high of $13.33. The stock has a market capitalization of $3,850.00, a P/E ratio of -16.76 and a beta of 1.31.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.20). The business had revenue of $486.00 million during the quarter, compared to analyst estimates of $486.84 million. Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The company’s revenue was down 27.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 earnings per share. analysts predict that Cameco will post 0.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a $0.078 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.31 annualized dividend and a yield of 3.21%. Cameco’s dividend payout ratio (DPR) is presently -53.45%.
CCJ has been the subject of several research reports. Bank of America lifted their price objective on Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 4th. Royal Bank of Canada cut 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. TheStreet downgraded Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. 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. Finally, Scotiabank downgraded Cameco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Cameco has a consensus rating of “Hold” and an average price target of $18.33.
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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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