Cameco Co. (TSE:CCO) Receives C$84.30 Average PT from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$84.30.

CCO has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Eight Capital raised their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Canaccord Genuity Group upped their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. National Bankshares raised their target price on Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their target price on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th.

Insiders Place Their Bets

In other news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total value of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. In the last ninety days, insiders sold 80,962 shares of company stock valued at $6,800,456. Corporate insiders own 0.15% of the company’s stock.

Cameco Stock Down 2.9 %

Shares of TSE:CCO opened at C$71.07 on Monday. The company has a market capitalization of C$30.93 billion, a price-to-earnings ratio of 120.46, a P/E/G ratio of 2.22 and a beta of 0.90. The business’s 50-day moving average is C$77.58 and its 200-day moving average is C$68.38. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18.

Cameco Increases Dividend

The business also recently declared an annual dividend, which was paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.16 per share. The ex-dividend date was Wednesday, November 27th. This represents a yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.12. Cameco’s payout ratio is 20.34%.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.