Headlines about Cameco Corporation (NYSE:CCJ) (TSE:CCO) have trended positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cameco Corporation earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Taking a Deep Dive into Technical Levels for Cameco Corp (CCJ) – Evergreen Caller (evergreencaller.com)
- First positive test for West Nile virus in Toronto (ibusinesslines.com)
- Jim ‘Bones’ Mackay will take on new role as on-course reporter (ismboard.com)
- Cameco Corporation (NYSE:CCJ) Lowered to “Underperform” at Bank of America Corporation (eleganthomesinla.com)
- Social And Political Stability Underlie Cameco’s Future Success – Seeking Alpha (seekingalpha.com)
CCJ has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Cameco Corporation from a “buy” rating to a “strong sell” rating in a report on Monday, March 13th. Credit Suisse Group restated a “neutral” rating on shares of Cameco Corporation in a research report on Tuesday, April 18th. BidaskClub downgraded Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Bank of America Corporation downgraded Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Friday, June 30th. Finally, Royal Bank Of Canada initiated coverage on shares of Cameco Corporation in a research note on Thursday, June 29th. They set an “outperform” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $14.92.
Shares of Cameco Corporation (CCJ) traded up 0.54% on Friday, reaching $9.27. 882,006 shares of the company’s stock were exchanged. The company’s market cap is $3.67 billion. The firm’s 50-day moving average price is $9.45 and its 200 day moving average price is $10.66. Cameco Corporation has a 12 month low of $7.41 and a 12 month high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The business had revenue of $393 million during the quarter, compared to the consensus estimate of $351.40 million. Cameco Corporation had a negative net margin of 6.47% and a positive return on equity of 2.26%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share. Equities research analysts predict that Cameco Corporation will post $0.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.0741 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.30 annualized dividend and a dividend yield of 3.20%. Cameco Corporation’s payout ratio is -100.00%.
Cameco Corporation 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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