Cameco (CCJ) Announces Quarterly Earnings Results

Cameco (CCJ) Announces Quarterly Earnings Results

Analysts are expecting average earnings estimates of $0.29 for the current quarter based on the opinion of 8 analysts, relating to high earnings per share estimates of $0.35 and low estimates of $0.24, however Cameco Corp (NYSE:CCJ) reported $0.19 earnings per share for the same quarter a year ago.

The stock decreased 4.88% or $0.55 during the last trading session, reaching $10.73.

Cameco shares have dropped slightly more than 3 percent since the beginning of the year. For the current year the company's revenue estimates are $1.74 Billion compared to low analyst estimates of $1.7 Billion and high estimates of $1.76 Billion according to the prediction of 10 analysts.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Huntington Commercial Bank accumulated 0% or 100 shares.

On 5/1/2017 announced a quarterly dividend of $0.07 3.06% with an ex dividend date of 6/28/2017 which will be payable on 6/30/2017. 38,107 were accumulated by Deutsche National Bank & Trust Ag. Susquehanna Gp Ltd Liability Partnership holds 0% or 12,870 shares. The institutional investor owned 15,204 shares of the basic materials company's stock after selling 200 shares during the quarter. State Street Corp reported 0% stake. About 5.08 million shares traded or 110.14% up from the average.

Among 8 analysts covering Cameco Corporation (TSE:CCO), 6 have Buy rating, 1 Sell and 1 Hold.


Cameco Corporation produces and sells uranium worldwide. First Bancorp (FBNC) has risen 47.69% since February 10, 2017 and is uptrending. Therefore 75% are positive. RBC Capital Markets maintained Cameco Corporation (TSE:CCO) on Friday, January 29 with "Outperform" rating. The stock of Cameco Corporation (NYSE:CCJ) earned "Market Perform" rating by Cowen & Co on Thursday, August 6. The stock now has an average rating of "Hold" and a consensus target price of $18.33.

TRADEMARK VIOLATION NOTICE: "Cameco (CCJ) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS" was reported by Week Herald and is owned by of Week Herald. It has underperformed by 30.46% the S&P500. The firm earned "Sector Perform" rating on Thursday, February 2 by RBC Capital Markets. The firm has "Outperform" rating by RBC Capital Markets given on Tuesday, November 3. Finally, Credit Suisse Group cut Cameco Corporation from a "neutral" rating to an "underperform" rating in a research report on Monday, July 17th. The firm has "Underperform" rating given on Wednesday, October 4 by Bank of America.

"We will continue to review market conditions on an ongoing basis as we are looking for a sustained improvement to support our restart", the company said of its decision to shut down McArthur River and Key Lake. It operates through three divisions: 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.

Commerzbank Aktiengesellschaft increased its stake in Cameco Corp (CCJ) by 17.34% based on its latest 2017Q3 regulatory filing with the SEC. Ahead of Earnings?" on January 20, 2018, also Streetinsider.com with their article: "Cameco Corp.

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