Cameco Corporation (NYSE:CCJ) (TSE:CCO) posted its earnings results on Friday. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.20), MarketWatch Earnings reports. The business had revenue of $486.00 million for the quarter, compared to analysts’ expectations of $486.84 million. Cameco Corporation had a positive return on equity of 2.59% and a negative net margin of 0.75%. Cameco Corporation’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS.

Cameco Corporation (NYSE:CCJ) traded down 6.11% on Friday, hitting $8.30. The stock had a trading volume of 7,127,607 shares. The company’s 50 day moving average price is $9.58 and its 200-day moving average price is $9.79. Cameco Corporation has a 12-month low of $7.41 and a 12-month high of $13.36. The company’s market cap is $3.29 billion.

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Several research analysts have commented on CCJ shares. Zacks Investment Research lowered Cameco Corporation from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Credit Suisse Group lowered Cameco Corporation from a “neutral” rating to an “underperform” rating in a research report on Monday, July 17th. Bank of America Corporation lifted their price target on Cameco Corporation from $27.00 to $29.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 4th. BidaskClub raised Cameco Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, TheStreet raised Cameco Corporation from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $15.22.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Nova Scotia Trust Co. lifted its holdings in shares of Cameco Corporation by 0.5% in the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 29,534 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 144 shares during the last quarter. Korea Investment CORP lifted its holdings in shares of Cameco Corporation by 1.8% in the 2nd quarter. Korea Investment CORP now owns 24,935 shares of the basic materials company’s stock worth $227,000 after purchasing an additional 441 shares during the last quarter. Augustine Asset Management Inc. lifted its holdings in shares of Cameco Corporation by 0.5% in the 2nd quarter. Augustine Asset Management Inc. now owns 103,021 shares of the basic materials company’s stock worth $937,000 after purchasing an additional 474 shares during the last quarter. Usca Ria LLC lifted its holdings in shares of Cameco Corporation by 4.6% in the 2nd quarter. Usca Ria LLC now owns 11,668 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 510 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Cameco Corporation by 9.8% in the 2nd quarter. Brookstone Capital Management now owns 11,522 shares of the basic materials company’s stock worth $105,000 after purchasing an additional 1,033 shares during the last quarter. 56.44% of the stock is currently owned by institutional investors and hedge funds.

About Cameco Corporation

Cameco Corporation (Cameco) is a uranium producer. The Company 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. The Company operates through three segments: uranium, fuel services and NUKEM.

Earnings History for Cameco Corporation (NYSE:CCJ)

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