Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$84.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$84.30.

A number of research analysts have issued reports on CCO shares. Scotiabank boosted their target price on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. Eight Capital upped their price objective on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. National Bankshares upped their price objective on Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Finally, Raymond James upped their price objective on Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd.

Cameco Stock Up 4.3 %

TSE:CCO opened at C$72.06 on Friday. Cameco has a 1 year low of C$48.71 and a 1 year high of C$88.18. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The stock has a market cap of C$31.36 billion, a price-to-earnings ratio of 122.14, a PEG ratio of 2.22 and a beta of 0.90. The stock has a 50-day moving average price of C$76.64 and a two-hundred day moving average price of C$68.89.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.24). Cameco had a net margin of 9.70% and a return on equity of 4.23%. During the same period last year, the firm earned $0.32 earnings per share.

Cameco Increases Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 13th. Investors of record on Wednesday, November 27th were issued a dividend of $0.16 per share. This represents a yield of 0.22%. The ex-dividend date was Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is presently 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total value of C$150,380.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of C$85.66, for a total value of C$4,283,000.00. Over the last quarter, insiders have sold 80,962 shares of company stock worth $6,800,456. Corporate insiders own 0.15% of the company’s stock.

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.