Cameco Corp (CCJ) Receiving Somewhat Positive Media Coverage, Analysis Finds
Media headlines about Cameco Corp (NYSE:CCJ) (TSE:CCO) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a unit of Accern, rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cameco Corp earned a news impact score of 0.16 on AlphaOne’s scale. AlphaOne also gave press coverage about the basic materials company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted AlphaOne Sentiment’s rankings:
- How Sustainable Is Cameco Corporation’s Dividend? (fool.com)
- -$0.05 Earnings Per Share Expected for Cameco Corp (CCJ) This Quarter (americanbankingnews.com)
- Will Cameco Corp. Bounce Back? (fool.ca)
- Cameco Corp (CCJ) Receives Neutral Rating from Credit Suisse Group AG (americanbankingnews.com)
- Better Buy: Cameco Corporation vs. NexGen Energy (finance.yahoo.com)
Several analysts have commented on the company. Cantor Fitzgerald raised Cameco Corp from a “hold” rating to a “buy” rating in a report on Monday, February 13th. Credit Suisse Group AG reissued a “neutral” rating on shares of Cameco Corp in a report on Tuesday. Zacks Investment Research lowered Cameco Corp from a “buy” rating to a “hold” rating in a report on Thursday, February 2nd. TheStreet lowered Cameco Corp from a “c” rating to a “d+” rating in a report on Thursday, February 9th. Finally, Royal Bank of Canada lowered Cameco Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Cameco Corp currently has an average rating of “Hold” and an average target price of $15.48.
Shares of Cameco Corp (NYSE:CCJ) traded up 0.28% during mid-day trading on Thursday, hitting $10.65. The stock had a trading volume of 2,121,659 shares. The stock has a 50 day moving average price of $11.05 and a 200-day moving average price of $10.29. Cameco Corp has a 52-week low of $7.41 and a 52-week high of $13.50. The company’s market cap is $4.22 billion.
Cameco Corp (NYSE:CCJ) last posted its quarterly earnings data on Thursday, February 9th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. Cameco Corp had a positive return on equity of 2.64% and a negative net margin of 2.63%. The business had revenue of $887 million for the quarter, compared to analyst estimates of $622.36 million. During the same quarter last year, the business earned $0.38 EPS. Cameco Corp’s revenue for the quarter was down 9.0% compared to the same quarter last year. On average, equities analysts expect that Cameco Corp will post $0.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 13th. Stockholders of record on Friday, March 31st were issued a dividend of $0.0768 per share. This is a boost from Cameco Corp’s previous quarterly dividend of $0.07. The ex-dividend date was Wednesday, March 29th. This represents a $0.31 annualized dividend and a dividend yield of 2.88%. Cameco Corp’s dividend payout ratio (DPR) is -272.70%.
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About Cameco Corp
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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