Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ announced an annual dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.16 per share on Tuesday, December 31st. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.12.
Cameco Price Performance
CCO stock traded down C$1.11 during mid-day trading on Friday, reaching C$73.12. 854,283 shares of the company's stock were exchanged, compared to its average volume of 1,247,747. The stock's 50 day moving average is C$64.45 and its 200 day moving average is C$65.80. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. The company has a market cap of C$31.82 billion, a price-to-earnings ratio of 122.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.
Wall Street Analysts Forecast Growth
Several research firms have commented on CCO. BMO Capital Markets boosted their price objective on Cameco from C$78.00 to C$84.00 in a research note on Friday. Cantor Fitzgerald raised Cameco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Canaccord Genuity Group boosted 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. Finally, National Bank Financial upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$81.40.
Read Our Latest Stock Analysis on CCO
Insider Transactions at Cameco
In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company's stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the business's stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$56.23 per share, with a total value of C$28,115.00. Company insiders own 0.15% of the company's stock.
About Cameco
(
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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.
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