Cameco (TSE:CCO) Stock Price Expected to Rise, Raymond James Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by Raymond James from C$81.00 to C$88.00 in a report released on Friday,BayStreet.CA reports. Raymond James also issued estimates for Cameco’s Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

Other research analysts also recently issued reports about the stock. 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. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. BMO Capital Markets raised their price objective on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, 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. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Stock Down 3.3 %

Shares of TSE:CCO opened at C$81.23 on Friday. The firm has a fifty day moving average price of C$70.23 and a two-hundred day moving average price of C$66.77. 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 one year low of C$48.71 and a one year high of C$85.18. The company has a market cap of C$35.35 billion, a price-to-earnings ratio of 137.68, a PEG ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

The firm also recently announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a $0.16 dividend. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Senior Officer Sean Anthony Quinn sold 13,400 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Insiders have sold a total of 32,862 shares of company stock worth $2,635,367 in the last 90 days. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

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.