Cameco Co. (TSE:CCO) Receives Consensus Rating of “Buy” from Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given an average rating of “Buy” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$84.30.

CCO has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. National Bankshares upped their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Eight Capital increased their target price on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Royal Bank of Canada boosted their price target on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Finally, Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th.

Insider Buying and Selling

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$81.17, for a total value of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. In the last ninety days, insiders sold 84,362 shares of company stock valued at $7,040,122. Company insiders own 0.15% of the company’s stock.

Cameco Stock Down 1.9 %

Shares of CCO stock opened at C$74.99 on Thursday. The company’s fifty day simple moving average is C$77.24 and its two-hundred day simple moving average is C$68.17. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The stock has a market cap of C$32.63 billion, a P/E ratio of 127.10, a PEG 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 Increases Dividend

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

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.