Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$65.80 and traded as high as C$75.50. Cameco shares last traded at C$74.23, with a volume of 1,187,348 shares trading hands.
Analysts Set New Price Targets
Several research firms have commented on CCO. TD Securities raised their price objective on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Eight Capital upped their price objective on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday. Cantor Fitzgerald raised shares of Cameco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. National Bankshares upped their price target on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday. Finally, National Bank Financial raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$81.40.
Check Out Our Latest Analysis on CCO
Cameco Stock Performance
The business has a 50-day moving average price of C$64.76 and a 200-day moving average price of C$65.85. 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 capitalization of C$31.82 billion, a price-to-earnings ratio of 123.93, a P/E/G ratio of 2.22 and a beta of 0.90.
Cameco Increases Dividend
The firm also recently declared an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Cameco's previous annual dividend of $0.12. This represents a yield of 0.22%. Cameco's dividend payout ratio (DPR) is 20.34%.
Insider Activity
In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco 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. In related 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 stock in a transaction on 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. Corporate insiders own 0.15% of the company's stock.
Cameco Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
