Lisa Lorene Aitken Sells 2,000 Shares of Cameco Co. (TSE:CCO) 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 shares were sold at an average price of C$75.19, for a total value of C$150,380.00.

Cameco Price Performance

TSE CCO traded up C$0.35 during trading on Wednesday, hitting C$80.57. 1,547,586 shares of the stock traded hands, compared to its average volume of 1,259,648. The company has a market capitalization of C$35.06 billion, a P/E ratio of 136.61, 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 firm has a 50-day simple moving average of C$67.70 and a 200-day simple moving average of C$66.31. Cameco Co. has a 12-month low of C$48.71 and a 12-month high of C$83.00.

Cameco Increases Dividend

The business also recently announced an annual dividend, which will be paid on Friday, December 13th. Stockholders of record on Wednesday, November 27th will be issued a $0.16 dividend. 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 payout ratio is 20.34%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCO. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Eight Capital boosted their price target on Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Scotiabank boosted their price objective on shares of Cameco from C$80.00 to C$86.00 in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company 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.