Cameco Given Consensus Rating of “Buy” by Analysts (TSE:CCO)
Shares of Cameco (TSE:CCO) have earned an average rating of “Buy” from the eleven analysts that are presently covering the company, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$24.70.
Shares of Cameco (TSE:CCO) opened at 21.11 on Wednesday. Cameco has a one year low of $17.95 and a one year high of $28.57. The stock’s 50-day moving average is $21.47 and its 200-day moving average is $23.39. The company has a market cap of $8.355 billion and a price-to-earnings ratio of 15.41.
Cameco (TSE:CCO) last released its earnings data on Friday, August 1st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.05. Analysts expect that Cameco will post $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.89%.
CCO has been the subject of a number of recent research reports. Analysts at Dundee Securities cut their price target on shares of Cameco from C$23.80 to C$23.50 in a research note on Friday, August 1st. Separately, analysts at Paradigm Capital cut their price target on shares of Cameco from C$28.00 to C$26.00 in a research note on Friday, August 1st. Finally, analysts at Canaccord Genuity raised their price target on shares of Cameco from C$20.00 to C$21.00 in a research note on Friday, August 1st.
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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