Cameco Co. (TSE:CCO) Announces Dividend Increase – $0.16 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) announced an annual dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.16 per share on Tuesday, December 31st. This represents a dividend 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 Stock Up 3.8 %

Shares of TSE CCO opened at C$74.23 on Friday. The stock has a market cap of C$32.30 billion, a P/E ratio of 125.81, a PEG ratio of 2.22 and a beta of 0.90. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. The business’s fifty day simple moving average is C$64.45 and its 200-day simple moving average is C$65.80.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCO. National Bankshares increased their price objective on Cameco from C$74.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group raised their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Scotiabank cut their price target on Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. Eight equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$78.60.

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.