Cameco Corporation (CCJ) Downgraded by TheStreet
Cameco Corporation (NYSE:CCJ) (TSE:CCO) was downgraded by equities researchers at TheStreet from a “c” rating to a “d+” rating in a research report issued on Thursday.
Cameco Corporation (NYSE:CCJ) last posted its quarterly earnings data on Thursday, February 9th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.05. The firm earned $887 million during the quarter, compared to analysts’ expectations of $622.36 million. Cameco Corporation had a net margin of 2.73% and a return on equity of 3.70%. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. Equities analysts forecast that Cameco Corporation will post $0.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Friday, March 31st will be paid a dividend of $0.0768 per share. This is a boost from Cameco Corporation’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.31 annualized dividend and a yield of 2.76%. Cameco Corporation’s dividend payout ratio (DPR) is presently -272.70%.
A number of institutional investors have recently added to or reduced their stakes in CCJ. Gabelli Funds LLC boosted its position in Cameco Corporation by 102.2% in the fourth quarter. Gabelli Funds LLC now owns 633,000 shares of the company’s stock valued at $6,628,000 after buying an additional 320,000 shares during the last quarter. FMR LLC boosted its position in Cameco Corporation by 89.7% in the fourth quarter. FMR LLC now owns 233,000 shares of the company’s stock valued at $2,437,000 after buying an additional 110,200 shares during the last quarter. Jupiter Asset Management Ltd. boosted its position in Cameco Corporation by 26.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 81,913 shares of the company’s stock valued at $858,000 after buying an additional 16,913 shares during the last quarter. Van Den Berg Management I Inc. boosted its position in Cameco Corporation by 5.0% in the fourth quarter. Van Den Berg Management I Inc. now owns 41,996 shares of the company’s stock valued at $440,000 after buying an additional 1,985 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Cameco Corporation during the fourth quarter valued at approximately $622,000. 54.58% of the stock is currently owned by hedge funds and other institutional investors.
Cameco Corporation Company Profile
Cameco Corp (Cameco) is a Canada-based uranium producer. The Company is 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.
Cameco operates uranium mines in North America and Kazakhstan, including McArthur River-Key Lake, the world’s largest uranium producer, and Cigar Lake, the world’s highest grade uranium mine, both in Saskatchewan. Other operations in Saskatchewan include a mine and mill at Rabbit Lake, currently in care and maintenance.