Cameco (CCO) Price Target Increased to C$18.00 by Analysts at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its price target raised by TD Securities from C$15.00 to C$18.00 in a research report released on Tuesday morning. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently issued reports on CCO. Royal Bank Of Canada reduced their price objective on Cameco from C$17.00 to C$16.00 and set an outperform rating for the company in a report on Friday, October 20th. Raymond James Financial reduced their price objective on Cameco from C$15.00 to C$14.00 in a report on Monday, October 23rd. BMO Capital Markets reduced their price objective on Cameco from C$17.00 to C$15.00 in a report on Monday, October 30th. Finally, Scotiabank boosted their price objective on Cameco from C$9.50 to C$10.00 and gave the stock an underperform rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Cameco currently has a consensus rating of Hold and a consensus price target of C$14.14.

Shares of Cameco (TSE CCO) opened at C$13.48 on Tuesday. Cameco has a 1-year low of C$9.90 and a 1-year high of C$17.65.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued 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 is Thursday, December 28th. Cameco’s dividend payout ratio is presently -54.79%.

In other Cameco news, Director James Kitchener Gowans purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of C$12.52 per share, for a total transaction of C$100,160.00.

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About Cameco

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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