Cameco (CCJ) Issues Earnings Results

Cameco (NYSE:CCJ) (TSE:CCO) announced its quarterly earnings data on Friday. The basic materials company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.12, MarketWatch Earnings reports. Cameco had a positive return on equity of 2.59% and a negative net margin of 10.01%. The company had revenue of $488.00 million for the quarter, compared to analyst estimates of $576.92 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up .4% compared to the same quarter last year.

CCJ stock opened at $11.14 on Friday. Cameco has a 12-month low of $8.34 and a 12-month high of $12.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 6.16 and a quick ratio of 3.58. The company has a market cap of $4.41 billion, a PE ratio of 28.56 and a beta of 1.02.

A number of equities research analysts have weighed in on CCJ shares. Howard Weil raised Cameco from a “sector underperform” rating to a “sector perform” rating in a report on Friday, September 28th. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research report on Monday, October 1st. Raymond James upgraded shares of Cameco from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 27th. Scotiabank upgraded shares of Cameco from an “underperform” rating to a “sector perform” rating in a research report on Friday, September 28th. Finally, TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.00.

Several hedge funds have recently bought and sold shares of the company. Pitcairn Co. lifted its position in shares of Cameco by 15.8% during the 3rd quarter. Pitcairn Co. now owns 47,010 shares of the basic materials company’s stock valued at $536,000 after acquiring an additional 6,410 shares during the period. Ayalon Holdings Ltd. acquired a new stake in shares of Cameco during the 3rd quarter valued at approximately $149,000. Capital Investment Advisory Services LLC lifted its position in shares of Cameco by 69.0% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 54,545 shares of the basic materials company’s stock valued at $622,000 after acquiring an additional 22,275 shares during the period. CWM LLC lifted its position in shares of Cameco by 31.9% during the 3rd quarter. CWM LLC now owns 311,846 shares of the basic materials company’s stock valued at $3,555,000 after acquiring an additional 75,341 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Cameco by 23.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,403,105 shares of the basic materials company’s stock valued at $50,161,000 after acquiring an additional 835,328 shares during the period. Institutional investors own 51.09% of the company’s stock.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

Further Reading: Dividend

Earnings History for Cameco (NYSE:CCJ)

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