Cameco Co. (TSE:CCO) Receives C$73.33 Average Price Target from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$75.44.

Several analysts have issued reports on the stock. Raymond James upped their price target on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Bank of America upped their price objective on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. TD Securities lowered their price target on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a report on Monday, February 12th. Royal Bank of Canada increased their price target on Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Scotiabank increased their price objective on shares of Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th.

Cameco Stock Down 0.1 %

Cameco stock opened at C$66.20 on Wednesday. The stock’s 50 day moving average price is C$61.11 and its 200 day moving average price is C$59.99. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. The company has a market cap of C$28.74 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco has a 1-year low of C$35.65 and a 1-year high of C$72.37.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The company had revenue of C$844.00 million for the quarter. On average, sell-side analysts predict that Cameco will post 1.5829133 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other Cameco news, Senior Officer Jonathan Huntington sold 12,333 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In the last three months, insiders sold 98,694 shares of company stock worth $6,095,228. 0.15% of the stock is currently owned by insiders.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, 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.