Cameco Co. (TSE:CCO) Receives C$84.30 Consensus Target Price from Brokerages

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have earned a consensus rating of "Buy" from the eleven ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$84.30.

CCO has been the topic of several research analyst reports. Canaccord Genuity Group increased their price target on shares of Cameco from C$75.00 to C$78.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. National Bankshares increased their target price on Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Eight Capital lifted their price target on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Royal Bank of Canada upped their price objective on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, BMO Capital Markets increased their price objective on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th.

Cameco Stock Performance

Cameco stock traded up C$1.90 during mid-day trading on Monday, hitting C$78.60. 855,153 shares of the company's stock traded hands, compared to its average volume of 1,039,767. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The firm has a 50 day simple moving average of C$77.64 and a two-hundred day simple moving average of C$68.28. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The stock has a market cap of C$34.21 billion, a price-to-earnings ratio of 133.22, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

Insider Activity

In other news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. In the last ninety days, insiders sold 80,962 shares of company stock worth $6,800,456. 0.15% of the stock is currently owned by corporate insiders.

Cameco Company Profile

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.