Cameco Corp (CCO) Price Target Raised to C$15.00
Cameco Corp (TSE:CCO) (NYSE:CCJ) had its price objective lifted by TD Securities from C$13.00 to C$15.00 in a research report released on Thursday. The brokerage currently has a buy rating on the stock.
CCO has been the subject of a number of other research reports. Royal Bank Of Canada cut their price objective on shares of Cameco Corp from C$17.00 to C$16.00 and set an outperform rating for the company in a research report on Friday, October 20th. Scotiabank upped their price objective on shares of Cameco Corp from C$14.00 to C$14.50 and gave the company a sector perform rating in a research report on Friday, July 28th. CSFB cut their price objective on shares of Cameco Corp from C$13.50 to C$10.00 in a research report on Tuesday, July 18th. Raymond James Financial, Inc. cut their price objective on shares of Cameco Corp from C$15.00 to C$14.00 in a research report on Monday, October 23rd. Finally, BMO Capital Markets cut their price objective on shares of Cameco Corp from C$17.00 to C$15.00 in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$13.29.
Cameco Corp (CCO) opened at C$11.88 on Thursday. Cameco Corp has a 52-week low of C$9.90 and a 52-week high of C$17.65.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 3.37%. The ex-dividend date is Thursday, December 28th. Cameco Corp’s dividend payout ratio (DPR) is presently -54.79%.
About Cameco Corp
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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