Cameco (TSE:CCO) Research Coverage Started at Paradigm Capital

Paradigm Capital assumed coverage on shares of Cameco (TSE:CCO) (NYSE:CCJ) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a C$130.00 price target on the stock.

CCO has been the topic of a number of other research reports. BMO Capital Markets set a C$150.00 price target on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday, November 3rd. Royal Bank Of Canada set a C$184.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research report on Thursday, September 24th. TD set a C$190.00 price objective on shares of Cameco and gave the stock a “buy” rating in a research report on Thursday, September 24th. Barclays lowered their target price on shares of Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Finally, Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the company a “buy” rating in a report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$176.44.

Cameco Price Performance

Cameco stock opened at C$105.87 on Monday. The stock’s 50 day moving average is C$120.71 and its 200 day moving average is C$142.16. The company has a debt-to-equity ratio of 13.95, a current ratio of 2.55 and a quick ratio of 3.74. The firm has a market cap of C$46.11 billion, a P/E ratio of 116.34, a P/E/G ratio of 2.22 and a beta of 1.29. Cameco has a one year low of C$92.52 and a one year high of C$182.72.

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

Cameco Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 15th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a yield of 24.0%. Cameco’s payout ratio is 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.