Analysts Set Cameco Co. (TSE:CCO) Target Price at C$84.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$84.30.

Several research analysts have recently issued reports on CCO shares. Scotiabank lifted their price target on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Royal Bank of Canada boosted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Raymond James boosted their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Eight Capital boosted their target price on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th.

Cameco Trading Down 0.1 %

TSE:CCO opened at C$77.22 on Thursday. The company has a market capitalization of C$33.60 billion, a PE ratio of 130.88, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The stock has a fifty day simple moving average of C$76.97 and a 200-day simple moving average of C$68.11.

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 issued a $0.16 dividend. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is currently 20.34%.

Insiders Place Their Bets

In other Cameco news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total value of C$1,124,678.76. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Insiders sold a total of 84,362 shares of company stock worth $7,040,122 in the last 90 days. 0.15% of the stock is owned by company insiders.

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.