Cameco Co. (TSE:CCO) Plans 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 given a dividend of 0.16 per share on Tuesday, December 31st. This represents a yield of 0.22%. The ex-dividend date is Wednesday, November 27th. This is a boost from Cameco’s previous annual dividend of $0.12.

Cameco Price Performance

TSE CCO opened at C$74.23 on Friday. Cameco has a 52 week low of C$48.71 and a 52 week high of C$81.12. The firm has a market capitalization of C$32.30 billion, a P/E ratio of 125.81, a PEG ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The company has a 50-day moving average price of C$64.45 and a 200-day moving average price of C$65.80.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCO shares. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank reduced their price target on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. TD Securities increased their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Finally, National Bankshares increased their target price on shares of Cameco from C$74.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$78.60.

Insider Activity

In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Corporate insiders own 0.15% of the company’s stock.

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.