Cameco (TSE:CCO) Price Target Raised to C$44.00 at Scotiabank

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its price objective increased by Scotiabank from C$43.00 to C$44.00 in a research report report published on Tuesday morning, BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the company. Raymond James cut their price objective on Cameco from C$47.00 to C$46.00 and set an outperform rating for the company in a report on Tuesday, July 19th. Royal Bank of Canada dropped their target price on Cameco from C$50.00 to C$45.00 and set an outperform rating for the company in a report on Friday, May 6th. Eight Capital increased their target price on Cameco from C$38.00 to C$48.00 and gave the company a buy rating in a report on Thursday, April 21st. Finally, Bank of America increased their target price on Cameco from C$40.00 to C$46.00 and gave the company a buy rating in a report on Tuesday, April 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cameco presently has an average rating of Buy and a consensus target price of C$41.27.

Cameco Price Performance

Shares of TSE CCO opened at C$32.36 on Tuesday. The firm has a market capitalization of C$12.89 billion and a P/E ratio of 215.73. The company has a quick ratio of 4.51, a current ratio of 6.02 and a debt-to-equity ratio of 21.24. The stock’s 50-day simple moving average is C$29.91 and its two-hundred day simple moving average is C$30.85. Cameco has a twelve month low of C$19.68 and a twelve month high of C$41.05.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last announced its earnings results on Thursday, May 5th. The company reported C$0.04 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.08. The business had revenue of C$398.00 million during the quarter. As a group, equities analysts anticipate that Cameco will post 0.95 EPS for the current fiscal year.

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Caroline Marie Gorsalitz sold 9,947 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of C$29.40, for a total transaction of C$292,469.65. Following the completion of the transaction, the insider now owns 50,490 shares of the company’s stock, valued at approximately C$1,484,547.37.

Cameco Company Profile

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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