Insider Selling: Cameco Co. (TSE:CCO) Senior Officer Sells 1,500 Shares of Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Lisa Lorene Aitken sold 1,500 shares of Cameco stock in a transaction dated Monday, November 25th. The stock was sold at an average price of C$81.17, for a total value of C$121,755.00.

Lisa Lorene Aitken also recently made the following trade(s):

• On Friday, November 15th, Lisa Lorene Aitken sold 2,000 shares of Cameco stock. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00.

Cameco Price Performance

Shares of Cameco stock traded up C$1.22 during trading on Tuesday, reaching C$82.45. 878,916 shares of the stock traded hands, compared to its average volume of 1,263,003. The company has a market capitalization of C$35.88 billion, a price-to-earnings ratio of 137.68, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco Co. has a 52-week low of C$48.71 and a 52-week high of C$85.18. The business has a fifty day simple moving average of C$70.23 and a two-hundred day simple moving average of C$66.77. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

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 given a $0.16 dividend. The ex-dividend date is Wednesday, November 27th. This represents a yield of 0.22%. This is a positive change from Cameco’s previous annual dividend of $0.12. Cameco’s dividend payout ratio (DPR) is currently 20.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCO shares. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Raymond James upped their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday. Scotiabank raised their price objective on Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. BMO Capital Markets lifted their price target on shares of Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$84.30.

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.