Cameco (TSE:CCO) Price Target Raised to C$90.00 at Eight Capital

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective boosted by Eight Capital from C$80.00 to C$90.00 in a report issued on Friday morning,BayStreet.CA reports.

Several other research analysts also recently commented on the company. Scotiabank decreased their price objective on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bankshares lifted their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday. Finally, Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Seven investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of C$81.40.

Cameco Stock Down 1.5 %

CCO opened at C$73.12 on Friday. The company has a market cap of C$31.82 billion, a P/E ratio of 123.93, a P/E/G ratio of 2.22 and a beta of 0.90. The business’s 50-day moving average price is C$64.76 and its 200-day moving average price is C$65.85. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. Cameco has a 12 month low of C$48.71 and a 12 month high of C$81.12.

Cameco Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.16 per share. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is presently 20.34%.

Insider Buying and Selling 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. In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of the company’s stock in a transaction dated 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. Also, 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 transaction of C$239,666.00. 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.