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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings 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 target price among brokerages that have covered the stock in the last year is C$84.30.

Several equities analysts have recently commented on CCO shares. Scotiabank upped their price target on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Canaccord Genuity Group boosted their price target on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Eight Capital increased their price objective on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th.

Cameco Trading Down 3.0 %

Shares of Cameco stock opened at C$77.28 on Thursday. The stock has a 50 day moving average of C$76.76 and a 200 day moving average of C$68.11. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The firm has a market capitalization of C$33.63 billion, a price-to-earnings ratio of 130.98, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18.

Cameco Increases Dividend

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

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Insiders sold 84,362 shares of company stock valued at $7,040,122 in the last 90 days. Company 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.