Cameco Co. (TSE:CCO) Receives Average Recommendation of “Buy” from Analysts

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

Several research firms have recently weighed in on CCO. Scotiabank lifted their price objective on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Canaccord Genuity Group upped their price target on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Raymond James raised their price target on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Royal Bank of Canada boosted their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Finally, National Bankshares raised their target price on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th.

Insiders Place Their Bets

In related news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the business’s stock in a transaction dated 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 Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders sold 80,962 shares of company stock worth $6,800,456 over the last three months. Insiders own 0.15% of the company’s stock.

Cameco Stock Performance

CCO stock opened at C$76.70 on Monday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$33.38 billion, a PE ratio of 130.00, a P/E/G ratio of 2.22 and a beta of 0.90. The business’s 50-day moving average price is C$77.64 and its two-hundred day moving average price is C$68.32.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.16 per share. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco’s payout ratio is presently 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.