Uranium miner Cameco reports $62M loss in 4th quarter

Cameco’s profit beat estimates on improved uranium prices cost-cutting drive

Cameco’s profit beat estimates on improved uranium prices cost-cutting drive

Commerzbank Aktiengesellschaft increased its stake in Cameco Corp (CCJ) by 17.34% based on its latest 2017Q3 regulatory filing with the SEC.

The company's net loss narrowed to $62 million (US$49 million), or 16 cents per share, in the quarter ended December 31, from $144 million, or 36 cents per share, a year earlier.

While Q4 earnings beat consensus estimates, revenue fell 8.8% Y/Y to C$809M, hurt by lower realized prices for uranium under its Nukem unit, which handles CCJ's marketing operations globally. Jupiter Asset Management Ltd acquired 41,000 shares as Cameco Corp (CCJ)'s stock declined 16.04%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CCJ. Cameco had a negative net margin of 13.04% and a negative return on equity of 0.69%.

Cameco Corp (NYSE:CCJ) has an ABR of 2.33 which is the combined stock view of 3 analysts poll results. The institutional investor owned 15,204 shares of the basic materials company's stock after selling 200 shares during the quarter. Cameco Corporation (NYSE:CCJ) has declined 13.76% since February 11, 2017 and is downtrending. Quantbot Technologies LP bought a new stake in Cameco during the 3rd quarter valued at $109,000.

Among 8 analysts covering Cameco Corporation (TSE:CCO), 6 have Buy rating, 1 Sell and 1 Hold. Cameco has a twelve month low of $7.68 and a twelve month high of $12.37. The stock now has an average rating of "Hold" and a consensus target price of $18.33. The business's revenue for the quarter was down 8.8% compared to the same quarter past year. Timber Hill LLC purchased a new position in Cameco during the 4th quarter valued at about $117,000. The firm's revenue was down 27.5% on a year-over-year basis. research analysts expect that Cameco will post 0.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Caisse DE Depot ET Placement DU Quebec now owns 16,182,205 shares of the basic materials company's stock worth $156,571,000 after purchasing an additional 3,995,805 shares during the last quarter. This represents a $0.32 annualized dividend and a dividend yield of 3.19%.

On 7/28/2017 announced a quarterly dividend of $0.08 3.07% with an ex dividend date of 9/28/2017 which will be payable on 9/29/2017. Cameco Corp (NYSE:CCJ)'s price to sales ratio for trailing twelve month stands at 2, whereas its price to book ratio for the most recent quarters is at 0.88. Finally, Rathbone Brothers plc bought a new stake in Cameco during the 4th quarter valued at $122,000. Black Creek Investment Management Inc. now owns 3,628,917 shares of the basic materials company's stock worth $33,000,000 after purchasing an additional 926,901 shares during the last quarter.

The uranium industry has been struggling since a 2011 natural disaster and tsunami in Japan disabled three reactors at the Fukushima nuclear plant, causing their cores to melt down, forcing Japan to shut down 50 nuclear reactors that remained intact.

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