On 22 Nov 2019, Cameco Corporation (NYSE: CCJ) spotted trading -27.45% off 52-week high price. On the other end, the stock has been noted 17.81% away from the low price over the last 52-weeks. The stock changed -1.66% to recent value of $9.46. The stock transacted 1094932 shares during most recent day however it has an average volume of 2015.73K shares. The company has 397.91M of outstanding shares and 395.01M shares were floated in the market.
Cameco (CCJ) recently stated its consolidated financial and operating results for the third quarter ended September 30, 2019 in accordance with International Financial Reporting Standards (IFRS).
“We continue to execute on all fronts of our strategy, operational, marketing and financial. We are responsibly managing our supply to meet our sales commitments, and during the quarter we further strengthened our balance sheet. We reduced our outstanding debt by one-third, retiring $500M in debt. In addition, we extended the maturity date of our revolving credit facility to November 2023, while also reducing it by $250M. We don’t have a history of drawing on the excess capacity and, with $864M in cash and short-term investments on our balance sheet, we don’t anticipate needing it. Therefore, it does not make sense to pay to maintain excess capacity.
- Net loss of $13M; adjusted net loss of $2M: Results are as predictable, driven by normal quarterly variations in contract deliveries and in accordance with our 2019 outlook. Adjusted net earnings are a non-IFRS measure, see below.
- Updated outlook for 2019: We have updated the outlook provided for 2019 consolidated revenue, uranium revenue and average realized price, fuel services sales volume and revenue. See Outlook for 2019in our third quarter MD&A.
- Strengthened balance sheet: At September 30, 2019, we had $864M in cash and short-term investments on our balance sheet. During the quarter, we stepped down the $500M series D debenture that matured in September 2019. In addition, we extended the maturity of our unsecured revolving credit facility to November 2023, and reduced it by $250M, to $1.0B. See Financing activities in our third quarter MD&A.
- Yearly dividend reported: For 2019, a yearly dividend of $0.08 per ordinary share has been reported, payable on December 13, 2019, to shareholders of record on November 29, 2019. The decision to declare a dividend by our board is based on our cash flow, financial position, strategy and other relevant factors including appropriate alignment with the cyclical nature of our earnings.
Its earnings per share (EPS) expected to touch remained 176.60% for this year while earning per share for the next 5-years is expected to reach at 9.79%. CCJ has a gross margin of 14.50% and an operating margin of 8.00% while its profit margin remained 5.80% for the last 12 months. According to the most recent quarter its current ratio was 5.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.37% from the mean of 20 days, 0.66% from mean of 50 days SMA and performed -7.88% from mean of 200 days price. Company’s performance for the week was -1.05%, 3.96% for month and YTD performance remained -16.65%.