Cameco (CCO) Price Target Increased to C$12.00 by Analysts at Scotiabank
Several other equities research analysts have also commented on CCO. TD Securities increased their price objective on shares of Cameco from C$15.00 to C$18.00 and gave the company a buy rating in a research note on Tuesday. BMO Capital Markets decreased their price objective on shares of Cameco from C$17.00 to C$15.00 in a research note on Monday, October 30th. Raymond James Financial decreased their price objective on shares of Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada decreased their price objective on shares of Cameco from C$16.00 to C$15.00 and set an outperform rating for the company in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of C$14.14.
Shares of Cameco (CCO) opened at C$13.48 on Tuesday. Cameco has a one year low of C$9.90 and a one year high of C$17.65.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, December 28th. Cameco’s dividend payout ratio is currently -54.79%.
In related news, Director James Kitchener Gowans bought 8,000 shares of Cameco stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average cost of C$12.52 per share, with a total value of C$100,160.00.
Cameco Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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