Cameco Co. (TSE:CCO) Declares Annual Dividend of $0.16

Cameco Co. (TSE:CCO) (NYSE:CCJ) announced an annual dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.16 per share on Friday, December 13th. This represents a dividend yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12.

Cameco Price Performance

TSE:CCO opened at C$84.01 on Monday. 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 firm has a market cap of C$36.56 billion, a price-to-earnings ratio of 142.39, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$85.18. The firm’s 50-day simple moving average is C$69.61 and its 200 day simple moving average is C$66.64.

Insiders Place Their Bets

In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. In the last three months, insiders have sold 32,862 shares of company stock valued at $2,635,367. 0.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCO. Eight Capital lifted their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Scotiabank raised their price target on Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Royal Bank of Canada upped their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday. Finally, Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Seven analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$84.30.

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.