Cameco Co. (TSE:CCO) Senior Officer Sells C$150,380.00 in Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Lisa Lorene Aitken sold 2,000 shares of Cameco stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00.

Cameco Stock Up 0.4 %

Shares of CCO opened at C$80.57 on Thursday. Cameco Co. has a 1 year low of C$48.71 and a 1 year high of C$83.00. The stock has a market capitalization of C$35.06 billion, a price-to-earnings ratio of 136.56, 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$68.26 and its 200-day simple moving average is C$66.41. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

Cameco Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group increased their target price 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. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Scotiabank increased their target price on Cameco from C$80.00 to C$86.00 in a report on Tuesday. Finally, National Bankshares raised their price target 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$82.00.

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.