Cameco (TSE:CCO) announced a quarterly dividend on Thursday, December 5th, AmericanBankingNews.com reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.10 per share on Wednesday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.88%.
A number of research firms have recently commented on CCO. Analysts at TD Securities raised their price target on shares of Cameco from C$20.00 to C$22.00 in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. On the ratings front, analysts at Cowen and Company cut their price target on shares of Cameco from C$26.00 to C$24.00 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Cameco from C$25.00 to C$24.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$23.80.
Shares of Cameco (TSE:CCO) opened at 21.32 on Friday. Cameco has a 52 week low of $17.89 and a 52 week high of $23.49. The stock has a 50-day moving average of $20.17 and a 200-day moving average of $20.72. The company has a market cap of $8.431 billion and a price-to-earnings ratio of 27.94.
Cameco Corporation (TSE:CCO) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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