Cameco Co. (CCO) to Issue Annual Dividend of $0.16 on December 13th

Cameco Co. (TSE:CCO) (NYSE:CCJ) declared an annual dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be given a dividend of 0.16 per share on Friday, December 13th. This represents a 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 Trading Down 1.3 %

TSE:CCO opened at C$84.01 on Monday. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$85.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The stock has a market capitalization of C$36.56 billion, a PE ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business’s 50-day simple moving average is C$69.61 and its 200-day simple moving average is C$66.64.

Insider Activity

In other Cameco news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total value of C$1,120,642.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders sold a total of 32,862 shares of company stock valued at $2,635,367 in the last quarter. Company insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of 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 raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. BMO Capital Markets lifted their price target on Cameco from C$78.00 to C$84.00 in a research note 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. Finally, Royal Bank of Canada lifted their target price on Cameco from C$75.00 to C$90.00 in a research report on Thursday. 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, the stock currently has an average rating of “Buy” and a consensus price target of C$84.30.

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.