Cameco (TSE:CCO) Price Target Cut to C$45.00

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its target price cut by Royal Bank of Canada from C$50.00 to C$45.00 in a research report report published on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms also recently issued reports on CCO. Eight Capital raised their price target on Cameco from C$38.00 to C$48.00 and gave the stock a buy rating in a research note on Thursday, April 21st. BMO Capital Markets raised shares of Cameco from a market perform rating to an outperform rating and lifted their target price for the company from C$33.00 to C$42.00 in a report on Thursday, March 31st. CIBC assumed coverage on shares of Cameco in a research note on Wednesday, January 19th. They set a buy rating and a C$37.00 price target for the company. Scotiabank upped their target price on shares of Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 13th. Finally, Canaccord Genuity Group raised their price target on Cameco from C$34.00 to C$37.00 in a report on Thursday, February 10th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus target price of C$41.64.

Shares of TSE:CCO opened at C$30.71 on Friday. The firm has a 50 day simple moving average of C$34.96 and a 200-day simple moving average of C$31.11. Cameco has a twelve month low of C$19.68 and a twelve month high of C$41.05. The company has a current ratio of 5.18, a quick ratio of 3.90 and a debt-to-equity ratio of 21.01. The company has a market capitalization of C$12.23 billion and a PE ratio of -118.12.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last released its quarterly earnings data on Wednesday, February 9th. The company reported C$0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.02) by C$0.08. The company had revenue of C$465.00 million during the quarter. As a group, equities research analysts predict that Cameco will post 0.9800001 EPS for the current fiscal year.

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

In related news, Senior Officer David Fehr Doerksen sold 10,562 shares of Cameco stock in a transaction on Monday, February 28th. The stock was sold at an average price of C$30.78, for a total transaction of C$325,098.36. Following the completion of the transaction, the insider now directly owns 14,337 shares of the company’s stock, valued at C$441,292.86. Also, Senior Officer Alice Louise Wong sold 17,250 shares of the business’s stock in a transaction on Thursday, February 24th. The stock was sold at an average price of C$28.14, for a total value of C$485,415.00. Following the sale, the insider now owns 80,270 shares in the company, valued at C$2,258,797.80. Insiders have sold a total of 37,482 shares of company stock worth $1,147,416 over the last 90 days.

Cameco Company Profile (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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