Analysts Set Cameco Co. (TSE:CCO) PT at C$84.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$84.30.

CCO has been the subject of a number of recent research reports. National Bankshares lifted their price target on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Raymond James upped their target price on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Royal Bank of Canada raised their price target on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their price objective on shares of Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th.

Cameco Stock Down 0.3 %

CCO opened at C$73.87 on Monday. The firm has a market cap of C$32.15 billion, a P/E ratio of 125.20, a PEG ratio of 2.22 and a beta of 0.90. The business’s fifty day simple moving average is C$77.61 and its 200 day simple moving average is C$68.37. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. 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 firm also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were given a $0.16 dividend. The ex-dividend date was 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 is presently 20.34%.

Insider Activity at Cameco

In other news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 firm’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 90 days, insiders have sold 80,962 shares of company stock worth $6,800,456. 0.15% of the stock is currently owned by corporate insiders.

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.