Canaccord Genuity Group Boosts Cameco (TSE:CCO) Price Target to C$46.00

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its target price upped by research analysts at Canaccord Genuity Group from C$44.00 to C$46.00 in a research report issued on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 30.76% from the stock’s current price.

Several other brokerages also recently issued reports on CCO. Raymond James cut their price target on shares of Cameco from C$46.00 to C$45.00 in a report on Friday, October 21st. TD Securities lifted their price target on shares of Cameco from C$40.00 to C$41.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Bank of America lifted their price target on shares of Cameco from C$42.00 to C$47.00 in a research report on Tuesday, November 22nd. Finally, Scotiabank lowered their price target on shares of Cameco from C$44.00 to C$42.00 in a research report on Monday, October 17th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$44.50.

Cameco Price Performance

Shares of Cameco stock opened at C$35.18 on Thursday. The company has a debt-to-equity ratio of 21.56, a current ratio of 5.11 and a quick ratio of 3.74. Cameco has a fifty-two week low of C$23.03 and a fifty-two week high of C$41.05. The firm has a fifty day moving average price of C$31.57 and a two-hundred day moving average price of C$32.81. The company has a market cap of C$15.22 billion and a PE ratio of 121.31.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last released its quarterly earnings data on Thursday, October 27th. The company reported C$0.03 EPS for the quarter, topping analysts’ consensus estimates of C($0.05) by C$0.08. The business had revenue of C$388.66 million for the quarter. Analysts expect that Cameco will post 0.8 EPS for the current year.

Insider Activity at Cameco

In other news, Senior Officer David Fehr Doerksen sold 17,319 shares of the stock in a transaction dated Wednesday, December 28th. The shares were sold at an average price of C$30.79, for a total value of C$533,252.01. Following the completion of the transaction, the insider now owns 14,337 shares of the company’s stock, valued at C$441,436.23.

Cameco Company Profile

(Get Rating)

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.

Recommended Stories

Analyst Recommendations for Cameco (TSE:CCO)

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.