Cameco Co. (TSE:CCO) Given Consensus Rating of “Buy” by Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Buy” from the ten analysts that are covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$84.30.

Several research firms recently weighed in on CCO. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bankshares boosted their target price on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Scotiabank raised their price target on shares of Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Eight Capital lifted their price objective on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Finally, BMO Capital Markets increased their target price on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th.

Cameco Stock Down 2.9 %

Shares of CCO opened at C$71.07 on Monday. The firm has a market cap of C$30.93 billion, a P/E ratio of 120.46, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The firm’s 50-day simple moving average is C$77.58 and its 200 day simple moving average is C$68.38.

Cameco Increases Dividend

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

Insider Activity

In related news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction dated 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. Insiders sold 80,962 shares of company stock valued at $6,800,456 over the last quarter. 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.