Cameco (TSE:CCO) Stock Price Expected to Rise, Scotiabank Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its price target lifted by Scotiabank from C$80.00 to C$86.00 in a research report report published on Tuesday,BayStreet.CA reports.

Other analysts also recently issued reports about the company. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. TD Securities lifted their price target on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Finally, National Bankshares lifted 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Cameco presently has an average rating of “Buy” and an average price target of C$84.30.

Cameco Stock Down 1.3 %

CCO stock opened at C$84.01 on Tuesday. The stock’s 50 day simple moving average is C$69.61 and its 200 day simple moving average is C$66.65. 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 quick ratio of 3.74 and a current ratio of 3.22. The company 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 announced an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.16 per share. This represents a yield of 0.22%. This is a boost from Cameco’s previous annual dividend of $0.12. The ex-dividend date is Wednesday, November 27th. Cameco’s payout ratio is presently 20.34%.

Insider Buying and Selling

In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco 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 Sean Anthony Quinn sold 13,400 shares of Cameco stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total value of C$1,120,642.00. Insiders sold a total of 32,862 shares of company stock worth $2,635,367 over the last ninety days. 0.15% of the stock is owned by corporate insiders.

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.