Raymond James Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by Raymond James from C$81.00 to C$88.00 in a report released on Friday morning,BayStreet.CA reports. Raymond James also issued estimates for Cameco’s Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

CCO has been the subject of a number of other research reports. Canaccord Genuity Group raised their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets raised their price target on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Eight Capital raised their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. National Bankshares lifted their target price on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus target price of C$84.30.

Cameco Trading Down 1.3 %

Cameco stock opened at C$84.01 on Friday. The company has a 50 day moving average price of C$69.61 and a 200 day moving average price of C$66.64. Cameco has a 52 week low of C$48.71 and a 52 week high of C$85.18. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The firm has a market capitalization of C$36.56 billion, a price-to-earnings ratio of 142.39, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

Insider Activity

In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’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. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. In the last three months, insiders have sold 32,862 shares of company stock worth $2,635,367. Corporate 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.