Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Cameco Corporation (CCJ) Stock Price
Media stories about Cameco Corporation (NYSE:CCJ) (TSE:CCO) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cameco Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.1193849544337 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- CanAlaska Uranium: Second Intersection Confirms Further Uranium on C10 Trend at West McArthur Project (juniorminingnetwork.com)
- CanAlaska Uranium confirms more good results at West McArthur project (proactiveinvestors.co.uk)
- Second Intersection Confirms Further Uranium on C10 trend at CanAlaska’s West McArthur Project (finance.yahoo.com)
- Diamond drill hole WMA042-2 intersects 1.4% eU3O8 over 5.1 metres (investorideas.com)
- Second Intersection Confirms Further Uranium on C10 trend at CanAlaska's West McArthur Project (finance.yahoo.com)
Cameco Corporation (NYSE:CCJ) opened at 10.14 on Friday. The company’s 50 day moving average price is $9.99 and its 200 day moving average price is $10.11. The firm’s market capitalization is $4.01 billion. 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 Thursday, July 27th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.03. The business had revenue of $470.00 million during the quarter, compared to analysts’ expectations of $383.81 million. Cameco Corporation had a negative net margin of 0.75% and a positive return on equity of 2.59%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted ($0.14) earnings per share. Analysts anticipate that Cameco Corporation will post $0.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.0799 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a dividend yield of 3.15%. Cameco Corporation’s dividend payout ratio (DPR) is -999.67%.
Several equities research analysts have recently commented on the company. Zacks Investment Research raised Cameco Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Cameco Corporation in a research note on Tuesday, August 15th. BidaskClub lowered Cameco Corporation from a “buy” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet raised Cameco Corporation from a “d+” rating to a “c” rating in a research note on Tuesday, August 1st. Finally, Credit Suisse Group lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research note on Monday, July 17th. Two equities 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. Cameco Corporation currently has an average rating of “Hold” and an average price target of $13.07.
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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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