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

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been assigned an average recommendation of "Buy" from the nine analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$84.30.

Several research firms have recently issued reports on CCO. Raymond James boosted their price target on shares of Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Eight Capital boosted their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. National Bankshares upped their target price on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Scotiabank upped their target price on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Finally, BMO Capital Markets upped their target price on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th.

Cameco Stock Performance

CCO traded down C$2.78 during midday trading on Friday, reaching C$69.09. The company had a trading volume of 1,500,185 shares, compared to its average volume of 1,292,130. 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 stock has a market cap of C$30.07 billion, a PE ratio of 117.10, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 12-month low of C$48.71 and a 12-month high of C$88.18. The business has a 50-day moving average price of C$76.88 and a two-hundred day moving average price of C$68.87.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last posted its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a net margin of 9.70% and a return on equity of 4.23%. During the same quarter in the prior year, the business posted $0.32 earnings per share.

Cameco Increases Dividend

The firm also recently disclosed an annual dividend, which was paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th were paid a $0.16 dividend. This is a boost from Cameco's previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. This represents a dividend yield of 0.22%. Cameco's dividend payout ratio is 20.34%.

Insider Activity

In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction on Thursday, December 5th. The shares were 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 stock in a transaction on Monday, November 25th. The shares were sold at an average price of C$81.17, for a total transaction of C$121,755.00. In the last 90 days, insiders sold 80,962 shares of company stock valued at $6,800,456. Corporate insiders own 0.15% of the company's stock.

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.