Cameco (CCJ) Earns News Sentiment Rating of 0.15
Headlines about Cameco (NYSE:CCJ) (TSE:CCO) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. 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 0.15 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 44.5886195960554 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- Is Cameco Corporation (TSE:CCO) A Good Oil & Gas Bet? (finance.yahoo.com)
- Cameco Corp (CCJ) Facts and Figures – ExpertGazette (expertgazette.com)
- Will Cameco Corp. Survive? (fool.ca)
- The Simple Reason I Won’t Buy Cameco Corporation Stock (fool.com)
CCJ has been the topic of a number of analyst reports. Scotiabank downgraded shares of Cameco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, October 3rd. Bank of America lifted their target price on shares of Cameco from $27.00 to $29.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Royal Bank of Canada reduced their target price on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. Finally, TheStreet downgraded shares of Cameco from a “c” rating to a “d+” rating in a research note on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Cameco has an average rating of “Hold” and an average price target of $18.33.
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 for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%. The company had revenue of $486.00 million for the quarter, compared to analyst estimates of $486.84 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. Cameco’s revenue was down 27.5% on a year-over-year basis. research analysts anticipate that Cameco will post 0.05 EPS for the current fiscal year.
The business 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. This represents a $0.31 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Thursday, December 28th. Cameco’s dividend payout ratio is presently -56.14%.
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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