Cameco (TSE:CCO) Price Target Raised to C$90.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by Royal Bank of Canada from C$75.00 to C$90.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other research firms have also commented on CCO. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Canaccord Genuity Group increased their price target on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, National Bankshares lifted their price objective on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Seven investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Performance

TSE CCO opened at C$84.01 on Thursday. The company’s 50 day moving average is C$69.61 and its 200-day moving average is C$66.65. The firm has a market cap of C$36.56 billion, a P/E ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 12-month low of C$48.71 and a 12-month high of C$85.18. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39.

Cameco Increases Dividend

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

Insider Transactions at Cameco

In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction dated 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 90 days, insiders have sold 32,862 shares of company stock worth $2,635,367. 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.