Raymond James Increases Cameco (TSE:CCO) Price Target to C$88.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by Raymond James from C$81.00 to C$88.00 in a report issued on Friday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Scotiabank boosted their target price on Cameco from C$80.00 to C$86.00 in a report on Tuesday. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. BMO Capital Markets boosted their target price on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Canaccord Genuity Group boosted their target price on 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 upped their price target on 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$84.30.

Cameco Stock Down 1.3 %

CCO opened at C$84.01 on Friday. The business has a 50 day moving average price of C$69.61 and a 200 day moving average price of C$66.65. Cameco has a twelve month low of C$48.71 and a twelve month 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 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 Increases Dividend

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

Insider Activity

In other news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on 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 ninety days, insiders have sold 32,862 shares of company stock worth $2,635,367. Company 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.