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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus recommendation of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$81.40.

CCO has been the subject of several research reports. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. BMO Capital Markets boosted their price objective on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. National Bankshares increased their price objective on Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective 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.

Cameco Stock Performance

Shares of TSE:CCO opened at C$75.48 on Friday. The business has a fifty day moving average of C$66.66 and a 200-day moving average of C$66.13. 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 twelve month low of C$48.71 and a twelve month high of C$81.12. The firm has a market cap of C$32.85 billion, a PE ratio of 127.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

Insider Buying and Selling at Cameco

In related news, Senior Officer Cory John-Paul Kos bought 500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, with a total value of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. Insiders own 0.15% of the company’s stock.

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.