BMO Capital Markets Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by BMO Capital Markets from C$78.00 to C$84.00 in a research report report published on Friday,BayStreet.CA reports.

CCO has been the subject of a number of other reports. Scotiabank decreased their price target on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group raised their price target on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. National Bankshares upped their price objective on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday. Finally, TD Securities raised their target price on Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Seven analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$81.40.

Cameco Price Performance

Shares of CCO opened at C$72.54 on Friday. The company has a market capitalization of C$31.57 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 is C$64.76 and its two-hundred day moving average is C$65.85. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a fifty-two week low of C$48.71 and a fifty-two week 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 issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

Insider Transactions at Cameco

In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction dated 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 Cory John-Paul Kos bought 500 shares of the stock in a transaction on Monday, August 19th. The stock was bought at an average price 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 Cameco stock in a transaction 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. Insiders own 0.15% of the company’s stock.

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.