Insider Selling: Cameco Co. (TSE:CCO) Senior Officer Sells 13,400 Shares of Stock

Cameco Co. (TSE:CCO) (NYSE:CCJ) Senior Officer Sean Anthony Quinn sold 13,400 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total transaction of C$1,120,642.00.

Cameco Trading Down 1.3 %

TSE:CCO opened at C$84.01 on Friday. The stock has a market cap of C$36.56 billion, a PE ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco Co. has a fifty-two week low of C$48.71 and a fifty-two week high of C$85.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The stock’s 50-day moving average is C$69.61 and its two-hundred day moving average is C$66.65.

Cameco Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, December 13th. Investors of record on Wednesday, November 27th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Cameco’s previous annual dividend of $0.12. This represents a yield of 0.22%. Cameco’s payout ratio is presently 20.34%.

Analyst Ratings Changes

Several research analysts have issued reports on CCO shares. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Canaccord Genuity Group boosted their target price on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Scotiabank increased their price target on Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. National Bankshares boosted their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada raised their target price on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$84.30.

Cameco Company Profile

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.