Cameco (CCO) PT Lowered to C$11.25

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective cut by CSFB from C$11.50 to C$11.25 in a research report released on Monday.

CCO has been the topic of several other research reports. BMO Capital Markets cut their target price on Cameco from C$17.00 to C$15.00 in a research note on Monday, October 30th. Raymond James Financial cut their target price on Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. Scotiabank boosted their target price on Cameco from C$9.50 to C$10.00 and gave the company an underperform rating in a research note on Monday, October 30th. Royal Bank of Canada cut their target price on Cameco from C$16.00 to C$15.00 and set an outperform rating on the stock in a research note on Monday, October 30th. Finally, TD Securities boosted their target price on Cameco from C$15.00 to C$18.00 and gave the company a buy rating in a research note on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of C$14.32.

Shares of Cameco (CCO) traded down C$0.27 on Monday, hitting C$11.87. The company had a trading volume of 1,308,458 shares, compared to its average volume of 1,059,493. Cameco has a 1-year low of C$9.90 and a 1-year high of C$17.65. The firm has a market cap of $4,610.00, a price-to-earnings ratio of -16.26 and a beta of 0.93.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.37%. 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 acquired 8,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of C$12.52 per share, for a total transaction of C$100,160.00.

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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.

Analyst Recommendations for Cameco (TSE:CCO)

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