Cameco (TSE:CCO) Price Target Raised to C$87.00 at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by National Bankshares from C$85.00 to C$87.00 in a research note released on Friday,BayStreet.CA reports.

CCO has been the topic of a number of other reports. TD Securities boosted their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Scotiabank cut their target price on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Seven investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus price target of C$81.40.

Cameco Stock Down 0.8 %

TSE CCO opened at C$72.54 on Friday. The stock has a 50 day moving average price of C$64.76 and a 200-day moving average price of C$65.85. Cameco has a one year low of C$48.71 and a one year high of C$81.12. 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 company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22.

Cameco Increases Dividend

The business 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 $0.16 dividend. 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 20.34%.

Insiders Place Their Bets

In other news, Senior Officer Cory John-Paul Kos bought 500 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. In other Cameco news, Senior Officer Cory John-Paul Kos acquired 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, for a total transaction of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction that occurred on Friday, October 4th. The shares were 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.

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.