Cameco Co. (TSE:CCO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Cameco Co. (TSE:CCOGet Free Report) (NYSE:CCJ) have been assigned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$84.30.

Several analysts recently issued reports on CCO shares. Eight Capital lifted their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. National Bankshares upped their target price on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Scotiabank lifted their price target on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Finally, BMO Capital Markets increased their price objective on Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th.

Check Out Our Latest Research Report on CCO

Cameco Price Performance

CCO stock opened at C$72.83 on Friday. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The company’s 50-day moving average is C$77.37 and its 200-day moving average is C$68.80. The stock has a market capitalization of C$31.69 billion, a PE ratio of 123.44, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18.

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) last announced its quarterly earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a return on equity of 4.23% and a net margin of 9.70%. During the same period in the prior year, the business posted $0.32 earnings per share.

Cameco Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were given a dividend of $0.16 per share. This represents a dividend yield of 0.22%. This is an increase from Cameco’s previous annual dividend of $0.12. The ex-dividend date was Wednesday, November 27th. Cameco’s dividend payout ratio (DPR) is presently 20.34%.

Insider Buying and Selling

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Over the last three months, insiders have sold 80,962 shares of company stock worth $6,800,456. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Cameco (TSE:CCO)

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