Cameco Co. (TSE:CCO) Given Average Recommendation of "Buy" by Analysts

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has earned an average recommendation of "Buy" from the eleven brokerages that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a buy rating and four have assigned a strong buy rating 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.

Several equities research analysts recently weighed in on CCO shares. Royal Bank of Canada increased their price objective on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. BMO Capital Markets boosted their price objective on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Eight Capital increased their target price on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Finally, Scotiabank boosted their price target on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th.

Cameco Stock Performance

CCO stock traded down C$2.16 during trading on Thursday, hitting C$79.69. 1,574,584 shares of the company's stock traded hands, compared to its average volume of 1,252,413. The stock has a fifty day moving average price of C$76.23 and a two-hundred day moving average price of C$68.00. 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 has a 52 week low of C$48.71 and a 52 week high of C$88.18. The stock has a market capitalization of C$34.68 billion, a price-to-earnings ratio of 135.07, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.16 per share. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. Cameco's dividend payout ratio (DPR) is presently 20.34%.

Insiders Place Their Bets

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Also, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$81.17, for a total transaction of C$121,755.00. In the last three months, insiders have sold 84,362 shares of company stock worth $7,040,122. 0.15% of the stock is 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.