Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have received an average rating of "Buy" from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Seven research 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 target among brokerages that have covered the stock in the last year is C$81.40.
Several analysts have issued reports on CCO shares. National Bankshares upped their target price on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Canaccord Genuity Group lifted their target price on shares of Cameco from C$75.00 to C$78.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Eight Capital increased their price target on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Finally, Janney Montgomery Scott upgraded shares of Cameco to a "strong-buy" rating in a report on Friday, October 4th.
Read Our Latest Stock Report on Cameco
Insider Activity
In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm's stock in a transaction that occurred on Friday, October 4th. The shares were 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 acquired 500 shares of the business's stock in a transaction dated Monday, August 19th. The shares were bought at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Insiders own 0.15% of the company's stock.
Cameco Price Performance
Shares of CCO stock traded up C$0.84 during trading hours on Friday, hitting C$75.48. 2,894,200 shares of the company's stock were exchanged, compared to its average volume of 1,253,717. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$32.85 billion, a P/E ratio of 127.93, a P/E/G 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$81.12. The firm has a 50 day moving average of C$66.66 and a two-hundred day moving average of C$66.13.
Cameco Increases Dividend
The company also recently declared 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 represents a yield of 0.22%. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date is Wednesday, November 27th. Cameco's dividend payout ratio is 20.34%.
About Cameco
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Get Free ReportCameco 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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