Cameco (NYSE:CCJ) reported earnings this Morning, coming in at $0.46 per share, beating Wall Street's estimates of $0.29 per Share. According to the Analysts, the Low Estimate Earnings of the current Quarter is $0.38 whereas, High Estimate is $0.64.
Currently Cameco Corp (NYSE:CCJ)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 70.1%. Cameco Corporation (TSE:CCO) has 0.00% since February 10, 2017 and is.
Cameco is also dealing with two significant legal matters: A tax dispute with the Canada Revenue Agency, in which a decision is expected this year or next, and arbitration over a cancelled contract worth $1.3 billion set to begin in early 2019. More interesting news about Cameco Corporation (NYSE:CCJ) were released by: Fool.ca and their article: "Cameco Corp.: Will This Stock Ever Turn Around?" published on January 29, 2018 as well as Nasdaq.com's news article titled: "Earnings Reaction History: Cameco Corporation, 50.0% Follow-Through Indicator ..." with publication date: February 09, 2018. The Return on Equity (ROE) and Return on Investment (ROI) values are -5.6 percent and -0.7 percent respectively.
The uranium producer posted revenue of $637 million in the period. The consensus mean EPS for the current quarter is at $0.29 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. The business's quarterly revenue was down 8.8% compared to the same quarter a year ago. Zacks Investment Research upgraded Cameco Corporation from a "sell" rating to a "hold" rating in a research report on Tuesday, August 29th. Scotiabank downgraded Cameco from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, October 3rd. The firm has "Underperform" rating given on Wednesday, October 4 by Bank of America. Finally, TheStreet downgraded Cameco from a "c" rating to a "d+" rating in a research note on Friday, October 27th. Below is a list of Cameco Corporation (TSE:CCO) latest ratings and price target changes.
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A number of analysts have commented on CCJ shares.
The stock is trading -27.81% away from its 52 week high of $12.37 and 16.28% far from the stock's low point over the past 52 weeks, which was $7.68. The company has a debt-to-equity ratio of 0.30, a current ratio of 5.40 and a quick ratio of 2.16. The stock has a market capitalization of $3,376.11, a PE ratio of -20.31, a price-to-earnings-growth ratio of 7.89 and a beta of 1.21. Bank of Nova Scotia Trust Co. grew its stake in Cameco by 0.5% during the 2nd quarter.
The SMA20 for the stock is at -9.31 percent, SMA50 stands at -11.86 percent, while SMA200 is -11.17 Percent, according to Finviz reported data. Guardian Capital Advisors LP now owns 17,750 shares of the basic materials company's stock valued at $221,000 after purchasing an additional 3,160 shares during the last quarter. Kopernik Global Investors LLC increased its stake in shares of Cameco by 6.5% in the fourth quarter. The stock exchanged hands 5.08 Million shares versus average trading capacity of 2.47 Million shares, yielding a market cap of $3.49 Billion.
A number of hedge funds and other institutional investors have recently bought and sold shares of CCJ. If you are reading this news story on another website, it was stolen and reposted in violation of global trademark & copyright laws. Cameco Corporation (NYSE:CCJ) has declined 13.76% since February 10, 2017 and is downtrending.