Brokerages predict that Cameco Corp (NYSE:CCJ) (TSE:CCO) will announce $0.03 earnings per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Cameco’s earnings, with estimates ranging from ($0.02) to $0.07. Cameco reported earnings of $0.39 per share during the same quarter last year, which would indicate a negative year over year growth rate of 92.3%. The company is expected to issue its next earnings results on Friday, February 14th.
According to Zacks, analysts expect that Cameco will report full year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to ($0.03). For the next year, analysts expect that the firm will post earnings of $0.04 per share, with EPS estimates ranging from $0.02 to $0.05. Zacks’ EPS calculations are an average based on a survey of analysts that cover Cameco.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Friday, November 1st. The basic materials company reported ($0.01) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.01). Cameco had a net margin of 5.86% and a return on equity of 3.02%. The business had revenue of $303.00 million for the quarter, compared to the consensus estimate of $509.94 million. During the same period in the prior year, the business posted $0.04 earnings per share. Cameco’s revenue for the quarter was down 37.9% compared to the same quarter last year.
CCJ has been the topic of several analyst reports. CIBC set a $13.00 target price on shares of Cameco and gave the stock a “hold” rating in a research report on Monday, November 4th. Zacks Investment Research raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Finally, ValuEngine raised shares of Cameco from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $12.50.
Shares of NYSE CCJ traded up $0.18 during mid-day trading on Wednesday, reaching $9.35. The company had a trading volume of 2,752,300 shares, compared to its average volume of 2,052,961. The company has a debt-to-equity ratio of 0.20, a quick ratio of 3.86 and a current ratio of 5.63. The stock has a market capitalization of $3.69 billion, a PE ratio of 23.38 and a beta of 0.90. Cameco has a twelve month low of $8.03 and a twelve month high of $13.04. The stock’s 50 day moving average is $9.34 and its 200-day moving average is $9.58.
The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.122 per share. This represents a yield of 1.24%. This is an increase from Cameco’s previous annual dividend of $0.06. The ex-dividend date is Tuesday, November 26th. Cameco’s dividend payout ratio is presently 15.00%.
A number of institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its position in Cameco by 2,312.3% during the third quarter. Millennium Management LLC now owns 314,176 shares of the basic materials company’s stock worth $2,984,000 after buying an additional 301,152 shares during the last quarter. Man Group plc acquired a new position in Cameco during the third quarter worth $2,526,000. PointState Capital LP acquired a new position in Cameco during the third quarter worth $4,251,000. Progeny 3 Inc. grew its position in shares of Cameco by 83.3% in the third quarter. Progeny 3 Inc. now owns 1,070,400 shares of the basic materials company’s stock valued at $10,169,000 after purchasing an additional 486,590 shares during the last quarter. Finally, Wildcat Capital Management LLC grew its position in shares of Cameco by 33.7% in the third quarter. Wildcat Capital Management LLC now owns 500,000 shares of the basic materials company’s stock valued at $4,750,000 after purchasing an additional 125,961 shares during the last quarter. 56.47% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.
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