Cameco Corporation (CCJ) Earning Somewhat Favorable Press Coverage, Study Shows
Press coverage about Cameco Corporation (NYSE:CCJ) (TSE:CCO) has been trending somewhat positive on Tuesday, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cameco Corporation earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.4780272832713 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Best Stocks To Invest: QUALCOMM Incorporated (QCOM), Cameco Corporation (CCJ) – AppsforPCdaily (appsforpcdaily.com)
- Cameco Corp (CCJ) Needle Moving on Volume – Stock Press Daily (stockpressdaily.com)
- Why Cameco Corp Shareholders Have Something to Worry About – Motley Fool (fool.com)
- A Few Clear Signs For Cameco Corporation (CCJ), Banco Bilbao Vizcaya Argentaria, SA (BBVA) – AllStockNews (allstocknews.com)
- Cameco Corporation (CCJ) presents Dividend Yield at the rate of 3.06% – Voice Of Analysts (analystsbuzz.com)
Shares of Cameco Corporation (CCJ) opened at 9.82 on Tuesday. The company’s market cap is $3.89 billion. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36. The stock’s 50 day moving average is $9.92 and its 200-day moving average is $10.25.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.03. The company had revenue of $470 million during the quarter, compared to the consensus estimate of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. Cameco Corporation’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, equities analysts forecast that Cameco Corporation will post $0.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.0799 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a yield of 3.26%. This is an increase from Cameco Corporation’s previous quarterly dividend of $0.07. Cameco Corporation’s dividend payout ratio is presently -999.67%.
A number of equities analysts recently weighed in on CCJ shares. Zacks Investment Research lowered shares of Cameco Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 1st. Royal Bank Of Canada started coverage on shares of Cameco Corporation in a report on Thursday, June 29th. They issued an “outperform” rating and a $16.00 price objective for the company. BidaskClub upgraded shares of Cameco Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Credit Suisse Group lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Monday, July 17th. Finally, Bank of America Corporation lowered shares of Cameco Corporation from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $13.07.
About Cameco Corporation
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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