Cameco Co. (TSE:CCO) Receives C$81.40 Average Price Target from Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given an average rating of “Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$82.00.

Several analysts have issued reports on CCO shares. Canaccord Genuity Group increased their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight Capital upped their price target on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st.

Insider Activity

In related news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Insiders own 0.15% of the company’s stock.

Cameco Price Performance

CCO opened at C$80.22 on Friday. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The stock has a market capitalization of C$34.91 billion, a PE ratio of 136.44, a P/E/G ratio of 2.22 and a beta of 0.90. The company’s 50 day simple moving average is C$67.13 and its 200 day simple moving average is C$66.22. Cameco has a 1 year low of C$48.71 and a 1 year high of C$81.12.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be paid a $0.16 dividend. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) 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.