Cameco Co. (TSE:CCO) Receives Average Rating of “Buy” from Brokerages

Cameco Co. (TSE:CCOGet Rating) (NYSE:CCJ) has been given an average rating of “Buy” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have covered the stock in the last year is C$42.09.

A number of equities analysts have issued reports on CCO shares. TD Securities lifted their target price on shares of Cameco from C$39.00 to C$45.00 and gave the stock a “buy” rating in a research report on Friday, April 1st. Eight Capital increased their target price on shares of Cameco from C$38.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their target price on shares of Cameco from C$34.00 to C$37.00 in a research report on Thursday, February 10th. Scotiabank raised their price objective on shares of Cameco from C$40.00 to C$47.00 in a research report on Wednesday, April 13th. Finally, CIBC assumed coverage on shares of Cameco in a research report on Wednesday, January 19th. They issued a “buy” rating and a C$37.00 price target for the company.

In other Cameco news, Senior Officer Alice Louise Wong sold 17,250 shares of the stock in a transaction that occurred on Thursday, February 24th. The shares were sold at an average price of C$28.14, for a total transaction of C$485,415.00. Following the transaction, the insider now directly owns 80,270 shares in the company, valued at C$2,258,797.80. Also, Senior Officer Ronald Liam Mooney sold 9,670 shares of the stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of C$34.84, for a total value of C$336,902.80. Following the sale, the insider now directly owns 26,748 shares of the company’s stock, valued at approximately C$931,900.32. In the last quarter, insiders sold 37,482 shares of company stock valued at $1,147,416.

CCO traded down C$0.94 during trading on Monday, hitting C$34.35. The stock had a trading volume of 1,650,558 shares, compared to its average volume of 1,937,652. The company has a market capitalization of C$13.68 billion and a PE ratio of -130.81. Cameco has a twelve month low of C$19.68 and a twelve month high of C$41.05. The company has a debt-to-equity ratio of 21.01, a quick ratio of 3.90 and a current ratio of 5.18. The stock has a 50 day simple moving average of C$33.85 and a two-hundred day simple moving average of C$30.70.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last issued its earnings results on Wednesday, February 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.02) by C$0.08. The business had revenue of C$465.00 million for the quarter. On average, equities research analysts anticipate that Cameco will post 0.99 EPS for the current year.

The company also recently announced an annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.12 dividend. This is a positive change from Cameco’s previous annual dividend of $0.08. The ex-dividend date is Tuesday, November 29th. This represents a dividend yield of 0.42%. Cameco’s dividend payout ratio is presently -30.77%.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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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Analyst Recommendations for Cameco (TSE:CCO)

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