Scotiabank Boosts Cameco (CCO) Price Target to C$12.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by Scotiabank from C$10.00 to C$12.00 in a research note published on Tuesday morning. The firm currently has an underperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada reduced their price objective on shares of 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. TD Securities increased their price objective on shares of Cameco from C$13.00 to C$15.00 and gave the stock a buy rating in a research note on Thursday, November 9th. BMO Capital Markets reduced their price target on shares of Cameco from C$17.00 to C$15.00 in a research note on Monday, October 30th. Finally, Raymond James Financial reduced their price target on shares of Cameco from C$15.00 to C$14.00 in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of C$14.14.

Shares of Cameco (TSE:CCO) opened at C$13.38 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 declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.99%. Cameco’s payout ratio is currently -54.79%.

In related news, Director James Kitchener Gowans purchased 8,000 shares of Cameco stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average cost 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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