Raymond James Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by Raymond James from C$81.00 to C$88.00 in a research report released on Friday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bankshares lifted their price objective on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Canaccord Genuity Group boosted 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. Finally, BMO Capital Markets boosted their price target on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Price Performance

Shares of TSE CCO opened at C$84.01 on Friday. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$85.18. The firm’s 50-day simple moving average is C$69.61 and its 200 day simple moving average is C$66.65. 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 stock has a market cap of C$36.56 billion, a P/E ratio of 142.39, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Increases Dividend

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

Insider Buying and Selling

In other Cameco news, 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. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction dated 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 the last quarter, insiders have sold 32,862 shares of company stock valued at $2,635,367. 0.15% of the stock is owned by corporate insiders.

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.