News coverage about Cameco Corporation (NYSE:CCJ) (TSE:CCO) has been trending positive recently, according to Alpha One Sentiment Analysis. The research firm, a unit of Accern, ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cameco Corporation earned a news sentiment score of 0.29 on Alpha One’s scale. Alpha One also assigned news coverage about the basic materials company an impact score of 50 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted AlphaOne’s scoring:
- Cameco Prop (CCJ) Valuation Declined While Hexavest Has Lifted Stake by $3.81 Million; As Occidental Petroleum … – BZ Weekly (bzweekly.com)
- Cameco Corporation (CCJ) Cut to “Strong Sell” at BidaskClub (americanbankingnews.com)
- Brokers Change Their Target Price On Time Warner Inc. (NYSE:TWX) (ibusinesslines.com)
- Cameco Corporation (CCJ) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- UK Election Results 2017: Theresa May forms minority government (healthcaremenu.net)
A number of equities research analysts have recently commented on the company. BidaskClub lowered Cameco Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday. Zacks Investment Research raised Cameco Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Credit Suisse Group reaffirmed a “neutral” rating on shares of Cameco Corporation in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. Cameco Corporation currently has a consensus rating of “Hold” and an average target price of $14.67.
Cameco Corporation (NYSE:CCJ) traded up 1.20% on Monday, reaching $9.28. The company’s stock had a trading volume of 1,892,767 shares. The company’s market cap is $3.67 billion. The firm’s 50-day moving average price is $9.57 and its 200 day moving average price is $10.69. Cameco Corporation has a 52-week low of $7.41 and a 52-week high of $13.36.
Cameco Corporation (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, April 28th. The basic materials company reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Cameco Corporation had a positive return on equity of 2.26% and a negative net margin of 6.47%. The firm had revenue of $393 million during the quarter, compared to analyst estimates of $351.40 million. During the same period last year, the company earned ($0.02) earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts anticipate that Cameco Corporation will post $0.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.0741 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.19%. Cameco Corporation’s dividend payout ratio (DPR) is presently -100.00%.
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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