Cameco Co. (TSE:CCO) (NYSE:CCJ) traded down 1.4% on Wednesday . The company traded as low as C$13.08 and last traded at C$13.15. 737,236 shares were traded during mid-day trading, a decline of 47% from the average session volume of 1,394,623 shares. The stock had previously closed at C$13.34.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada cut their price target on shares of Cameco from C$17.00 to C$16.00 and set an “outperform” rating for the company in a report on Friday, October 20th. TD Securities cut their price target on shares of Cameco from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Monday, October 30th. Scotiabank cut their price target on shares of Cameco from C$9.50 to C$9.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Raymond James Financial cut their price target on shares of Cameco from C$15.00 to C$14.00 in a report on Monday, October 23rd. Finally, BMO Capital Markets cut their price target on shares of Cameco from C$17.00 to C$15.00 in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$14.14.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Thursday, December 28th. Cameco’s dividend payout ratio is presently -54.79%.

In other news, Director James Kitchener Gowans acquired 8,000 shares of Cameco stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of C$12.52 per share, with a total value of C$100,160.00.

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About Cameco

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.

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