Cameco Co. (TSE:CCO) Increases Dividend to $0.16 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) announced an annual dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.16 per share on Friday, December 13th. This represents a yield of 0.22%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Cameco’s previous annual dividend of $0.12.

Cameco Stock Performance

CCO opened at C$81.23 on Tuesday. 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 market cap of C$35.35 billion, a PE ratio of 137.68, a P/E/G ratio of 2.22 and a beta of 0.90. The business has a fifty day simple moving average of C$70.23 and a 200-day simple moving average of C$66.77. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$85.18.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCO. National Bankshares boosted their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Canaccord Genuity Group raised their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Raymond James boosted their target price on shares of Cameco from C$81.00 to C$88.00 in a research note on Friday. Finally, Royal Bank of Canada raised their target price on Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Seven analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$84.30.

Insider Activity

In related news, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$75.19, for a total transaction of C$150,380.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Insiders sold a total of 32,862 shares of company stock worth $2,635,367 in the last three months. 0.15% of the stock is owned by 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.