Cameco Co. (TSE:CCO) Given Consensus Rating of “Buy” by Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$84.30.

A number of analysts have weighed in on the stock. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight Capital increased their price objective on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Canaccord Genuity Group increased their price target on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada boosted their price objective on Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st.

Insider Activity at Cameco

In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction that occurred 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 Brian Arthur Reilly sold 14,062 shares of Cameco stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total value of C$1,124,678.76. Insiders have sold a total of 84,362 shares of company stock valued at $7,040,122 over the last 90 days. Insiders own 0.15% of the company’s stock.

Cameco Stock Performance

TSE CCO opened at C$81.85 on Thursday. The company has a market capitalization of C$35.62 billion, a price-to-earnings ratio of 138.73, a PEG ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18. The stock has a fifty day simple moving average of C$76.23 and a 200 day simple moving average of C$68.00.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.16 per share. This is a positive change from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is currently 20.34%.

About Cameco

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.