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

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

Other equities research analysts have also issued research reports about the stock. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Canaccord Genuity Group raised their price target on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Scotiabank cut their price objective on Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. TD Securities raised their price target on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Finally, National Bankshares upped their price objective on Cameco from C$85.00 to C$87.00 in a research note on Friday. Seven analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$81.40.

Cameco Trading Down 1.5 %

Shares of TSE CCO traded down C$1.11 during trading on Friday, hitting C$73.12. 857,400 shares of the company traded hands, compared to its average volume of 1,247,761. The firm has a market capitalization of C$31.82 billion, a P/E ratio of 123.93, a P/E/G 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 50-day moving average price of C$64.76 and a 200-day moving average price of C$65.85. Cameco has a 1 year low of C$48.71 and a 1 year high of C$81.12.

Cameco Increases Dividend

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

Insiders Place Their Bets

In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was bought at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s 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 Cory John-Paul Kos purchased 500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. 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.