Cameco Q1 $18M loss bigger than expected

Owen Stevens
May 4, 2017

Cameco Corp comprises 3.2% of TB Alternative Assets Ltd.'s portfolio, making the stock its 8th largest position. The institutional investor owned 54,986 shares of the basic materials company's stock after selling 42,016 shares during the period. The Euclidean Technologies Management Llc holds 90,195 shares with $2.50 million value, up from 39,895 last quarter. Rathbone Brothers plc raised its stake in Cameco Corp by 13.6% in the third quarter. The stock plunged -25.62 percent over the past quarter, while surged 22.46 percent over the past six months. Brookstone Capital Management acquired a new stake in Cameco Corp during the first quarter valued at approximately $116,000.

The bad news is analysts don't believe there's a room for the share price to move in the upward direction. Ls Invest Limited Liability Company has invested 0.02% in Trinity Industries Inc (NYSE:TRN). The stock's market capitalization is $3.80 billion. Manning & Napier Advisors LLC now owns 16,144,413 shares of the basic materials company's stock valued at $138,194,000 after buying an additional 1,061,170 shares in the last quarter. Cameco Corp has a 12-month low of $7.41 and a 12-month high of $13.36.

Cameco Corp (NYSE:CCJ) last issued its quarterly earnings data on Friday, April 28th. The difference between the expected and actual EPS was $-0.02/share, which represents an Earnings surprise of -10.5%. The Return on Equity (ROE) value stands at -1.1%. Revenues, meanwhile, were $393 million, down from $408 million previous year. During the same period in the prior year, the firm earned ($0.02) earnings per share. The business's revenue was down 3.7% on a year-over-year basis.

Cameco Corporation (CCJ) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 0 P/E and the sector P/E is 20.14. Shareholders of record on Friday, March 31st were paid a $0.0768 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. It dropped, as 6 investors sold Cameco Corp shares while 29 reduced holdings.

CCJ has been the subject of several research analyst reports. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/05/03/397200-shares-in-cameco-corp-ccj-acquired-by-tb-alternative-assets-ltd-updated.html.

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A number of research firms have weighed in on CCJ. Finally, Cantor Fitzgerald raised shares of Cameco Corp from a hold rating to a buy rating in a research report on Monday, February 13th. Bank of America Corp upgraded Cameco Corp from an underperform rating to a neutral rating in a research note on Thursday, January 12th. Credit Suisse Group AG reaffirmed a "neutral" rating on shares of Cameco Corp in a research note on Tuesday, April 18th. Scotiabank reissued a "sector perform" rating and set a C$13.00 target price on shares of Cameco Corp in a research note on Wednesday, February 8th. Finally, Royal Bank of Canada cut Cameco Corp from an "outperform" rating to a "sector perform" rating in a research note on Thursday, February 2nd. "Ultimately, through all this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold".

Long-term contracts will limit upside gains when uranium prices pick up again, but the protection they're affording Cameco today is vital to the company's ability to survive the downturn intact.

Cameco Corporation (CCJ) is expected to post revenue of $491.93 Million in the current quarter, according to consensus of 5 analysts. The Firm is primarily 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.

Just over one year ago, it announced plans to permanently close its Rabbit Lake uranium mine - one of three it operates in northern Saskatchewan, resulting in about 450 layoffs.

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