Cameco Corp (CCJ) Getting Somewhat Positive Media Coverage, Analysis Finds

Press coverage about Cameco Corp (NYSE:CCJ) (TSE:CCO) has trended somewhat positive this week, according to Alpha One Sentiment. The research firm, a service of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cameco Corp earned a media sentiment score of 0.16 on Alpha One’s scale. Alpha One also assigned headlines about the basic materials company an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Alpha One Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on CCJ shares. Zacks Investment Research downgraded Cameco Corp from a “buy” rating to a “strong sell” rating in a research note on Monday, March 13th. TheStreet downgraded Cameco Corp from a “c” rating to a “d+” rating in a research note on Thursday, February 9th. Royal Bank of Canada downgraded Cameco Corp from an “outperform” rating to a “sector perform” rating in a research note on Thursday, February 2nd. Cantor Fitzgerald upgraded Cameco Corp from a “hold” rating to a “buy” rating in a research note on Monday, February 13th. Finally, Credit Suisse Group AG reiterated a “neutral” rating on shares of Cameco Corp in a research note on Tuesday, April 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $14.67.

Cameco Corp (NYSE:CCJ) opened at 9.84 on Friday. Cameco Corp has a 1-year low of $7.41 and a 1-year high of $13.36. The firm has a 50-day moving average price of $10.46 and a 200 day moving average price of $10.61. The company’s market capitalization is $3.89 billion.

Cameco Corp (NYSE:CCJ) last issued its quarterly earnings data on Friday, April 28th. The basic materials company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Cameco Corp had a positive return on equity of 2.64% and a negative net margin of 2.63%. The company had revenue of $393 million for the quarter, compared to analyst estimates of $351.40 million. During the same period last year, the company earned ($0.02) earnings per share. Cameco Corp’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities analysts predict that Cameco Corp will post $0.26 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.0741 dividend. This represents a $0.30 annualized dividend and a yield of 3.01%. The ex-dividend date is Wednesday, June 28th. Cameco Corp’s payout ratio is currently -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.

12 Month Chart for NYSE:CCJ

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