Cameco Upgraded to Sector Outperform at Scotiabank (CCO)
Cameco (TSE:CCO) was upgraded by stock analysts at Scotiabank to a “sector outperform” rating in a report issued on Thursday, StockRatingsNetwork.com reports.
Cameco (TSE:CCO) traded down 0.09% during mid-day trading on Thursday, hitting $21.79. 632,853 shares of the company’s stock traded hands. Cameco has a 52 week low of $17.89 and a 52 week high of $23.49. The stock has a 50-day moving average of $21.77 and a 200-day moving average of $20.68. The company has a market cap of $8.617 billion and a price-to-earnings ratio of 28.32.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.84%.
CCO has been the subject of a number of other recent research reports. Analysts at TD Securities raised their price target on shares of Cameco from C$20.00 to C$22.00 in a research note to investors on Monday, November 25th. They now have a “hold” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Cameco from C$26.00 to C$24.00 in a research note to investors on Thursday, October 31st. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Cameco from C$25.00 to C$24.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$23.80.
Cameco Corporation (TSE:CCO) is engaged in the exploration for and the development, mining, refining, conversion and fabrication of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries.
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