BMO Capital Markets Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by BMO Capital Markets from C$78.00 to C$84.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other research analysts have also issued reports on the stock. Eight Capital increased their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bankshares raised their target price on Cameco from C$85.00 to C$87.00 in a research report on Friday. Canaccord Genuity Group upped their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of C$81.40.

Cameco Stock Performance

Cameco stock traded down C$1.11 on Friday, hitting C$73.12. The company’s stock had a trading volume of 857,400 shares, compared to its average volume of 1,247,761. Cameco has a one year low of C$48.71 and a one year high of C$81.12. The firm has a market cap of C$31.82 billion, a P/E ratio of 123.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The company has a fifty day moving average price of C$64.76 and a 200-day moving average price of C$65.85.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio is currently 20.34%.

Insider Buying and Selling at Cameco

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

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.