BMO Capital Markets Reiterates C$150.00 Price Target for Cameco (TSE:CCO)

BMO Capital Markets set a C$150.00 target price on Cameco (TSE:CCO) (NYSE:CCJ) in a research report released on Tuesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other equities analysts have also issued reports on the stock. Truist Financial raised shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. National Bank Financial lowered their price target on Cameco from C$184.00 to C$178.00 and set an “outperform” rating for the company in a report on Monday. TD set a C$190.00 price objective on Cameco and gave the company a “buy” rating in a report on Thursday, September 24th. UBS Group raised Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a research note on Monday, July 27th. Finally, Barclays dropped their target price on shares of Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$179.18.

Cameco Stock Down 4.2%

Shares of TSE CCO opened at C$95.85 on Tuesday. The firm has a market capitalization of C$41.75 billion, a PE ratio of 105.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The company has a current ratio of 2.55, a quick ratio of 3.74 and a debt-to-equity ratio of 13.95. Cameco has a 1 year low of C$92.52 and a 1 year high of C$182.72. The firm’s 50-day moving average is C$123.52 and its 200-day moving average is C$143.41.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Friday, October 30th. The company reported C($0.01) earnings per share (EPS) for the quarter. Cameco had a return on equity of 5.61% and a net margin of 11.43%. The company had revenue of C$619.06 million for the quarter.

Cameco Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 15th will be issued a dividend of $0.24 per share. This represents a yield of 24.0%. The ex-dividend date is Monday, November 30th. Cameco’s dividend payout ratio is presently 26.37%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.