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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$84.30.

A number of research analysts have recently commented on CCO shares. Royal Bank of Canada increased their target price on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Eight Capital increased their price objective on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Scotiabank boosted their target price on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. National Bankshares increased their price target on Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th.

Cameco Stock Performance

Shares of TSE:CCO opened at C$72.83 on Friday. The company’s 50 day simple moving average is C$77.37 and its 200 day simple moving average is C$68.80. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The stock has a market capitalization of C$31.69 billion, a price-to-earnings ratio of 123.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) EPS for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same period last year, the firm posted $0.32 EPS.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were paid a $0.16 dividend. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a dividend yield of 0.22%. The ex-dividend date of this dividend was Wednesday, November 27th. Cameco’s payout ratio is currently 20.34%.

Insider Activity at Cameco

In other news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$75.19, for a total value of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the firm’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. Insiders have sold 80,962 shares of company stock worth $6,800,456 over the last ninety days. Insiders own 0.15% of the company’s stock.

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.