Cameco Co. (TSE:CCO) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$83.50.

Several analysts have recently weighed in on CCO shares. Scotiabank lifted their price objective on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Eight Capital increased their target price on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th.

Insider Buying and Selling at Cameco

In other news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company’s 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 sold 32,862 shares of company stock valued at $2,635,367 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Cameco Stock Performance

Shares of CCO opened at C$85.08 on Friday. The stock’s 50-day simple moving average is C$68.93 and its 200 day simple moving average is C$66.53. 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 52-week low of C$48.71 and a 52-week high of C$85.18. The stock has a market capitalization of C$37.03 billion, a price-to-earnings ratio of 144.20, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

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.