Cameco (TSE:CCO) Price Target Raised to C$75.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lifted by Royal Bank of Canada from C$70.00 to C$75.00 in a report released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently issued reports on the company. CIBC boosted their price target on Cameco from C$72.00 to C$74.00 and gave the company an outperform rating in a research report on Wednesday, April 17th. Eight Capital increased their target price on shares of Cameco from C$70.00 to C$80.00 and gave the stock a buy rating in a research report on Monday, January 15th. Raymond James lifted their price target on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. TD Securities decreased their price objective on shares of Cameco from C$82.00 to C$79.00 and set an action list buy rating for the company in a research note on Monday, February 12th. Finally, Bank of America raised their target price on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of C$75.44.

Cameco Stock Down 0.1 %

CCO opened at C$66.20 on Thursday. Cameco has a 12 month low of C$35.65 and a 12 month high of C$72.37. The business has a 50-day moving average of C$61.35 and a two-hundred day moving average of C$60.17. 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 stock has a market capitalization of C$28.74 billion, a price-to-earnings ratio of 79.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last released its 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). The company had revenue of C$844.00 million during the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%. On average, research analysts expect that Cameco will post 1.5829133 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of the company’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 14,815 shares of Cameco stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. Insiders have sold 98,694 shares of company stock valued at $6,095,228 in the last quarter. Company insiders own 0.15% of the company’s stock.

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.