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

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

Several other brokerages have also recently commented on CCO. Scotiabank reduced their price target on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Canaccord Genuity Group increased their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, TD Securities increased their price target on Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Seven research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$81.40.

Cameco Stock Down 1.5 %

TSE:CCO opened at C$73.12 on Friday. 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 company has a market cap of C$31.82 billion, a PE ratio of 123.93, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 52-week low of C$48.71 and a 52-week high of C$81.12. The stock has a 50-day simple moving average of C$64.76 and a 200 day simple moving average of C$65.85.

Cameco Increases Dividend

The company also recently announced an annual dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a dividend yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is 20.34%.

Insider Transactions at Cameco

In related news, Senior Officer Cory John-Paul Kos acquired 500 shares of the stock in a transaction on Monday, August 19th. The shares were purchased at an average price of C$56.23 per share, for a total transaction of C$28,115.00. In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 0.15% of the stock is owned by corporate insiders.

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.