Somewhat Positive News Coverage Somewhat Unlikely to Affect Cameco (NYSE:CCJ) Share Price

News articles about Cameco (NYSE:CCJ) (TSE:CCO) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cameco earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.2252572319269 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Cameco (NYSE CCJ) traded up $0.18 during trading on Thursday, reaching $9.71. 704,264 shares of the company traded hands, compared to its average volume of 2,508,072. The company has a quick ratio of 2.16, a current ratio of 5.40 and a debt-to-equity ratio of 0.30. The stock has a market cap of $3,820.00, a price-to-earnings ratio of -16.74 and a beta of 1.31. Cameco has a one year low of $7.68 and a one year high of $13.36.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.20). Cameco had a negative return on equity of 0.69% and a negative net margin of 13.04%. The company had revenue of $486.00 million during the quarter, compared to the consensus estimate of $486.84 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was down 27.5% compared to the same quarter last year. analysts predict that Cameco will post 0.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.078 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco’s payout ratio is presently -53.45%.

Several equities research analysts have issued reports on CCJ shares. Scotiabank lowered shares of Cameco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, October 3rd. Bank of America boosted their price objective on shares of Cameco from $27.00 to $29.00 and gave the company an “underperform” rating in a report on Wednesday, October 4th. Zacks Investment Research cut shares of Cameco from a “buy” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Royal Bank of Canada dropped their price target on shares of Cameco from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, October 20th. Finally, TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research report on Friday, October 27th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Cameco presently has a consensus rating of “Hold” and an average target price of $18.33.

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About Cameco

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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