Cameco Co. (TSE:CCO) to Issue Dividend Increase – $0.16 Per Share

Cameco Co. (TSE:CCO) (NYSE:CCJ) declared an annual dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.16 per share on Tuesday, December 31st. 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 Up 3.8 %

Shares of Cameco stock opened at C$74.23 on Friday. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The company’s fifty day simple moving average is C$64.45 and its two-hundred day simple moving average is C$65.80. The company has a market cap of C$32.30 billion, a P/E ratio of 125.81, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12.

Insider Buying and Selling

In other news, Senior Officer Cory John-Paul Kos purchased 500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of C$56.23 per share, for a total transaction of C$28,115.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were 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 bought 500 shares of the stock in a transaction on Monday, August 19th. The shares were bought at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Canaccord Genuity Group boosted their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. TD Securities boosted their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Finally, Scotiabank dropped their target price on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Eight research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$78.60.

Cameco Company Profile

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.