Cameco Co. (TSE:CCO) Receives Average Rating of “Buy” from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been given an average rating of “Buy” by the eight analysts that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$75.44.

A number of research firms have commented on CCO. Bank of America increased their target price on Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Royal Bank of Canada lifted their price objective on shares of Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. CIBC increased their target price on shares of Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. TD Securities reduced their price target on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Finally, Raymond James raised their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd.

Cameco Trading Up 1.9 %

CCO opened at C$72.38 on Friday. The stock has a market capitalization of C$31.46 billion, a PE ratio of 134.04, a P/E/G ratio of 2.22 and a beta of 0.93. The company has a debt-to-equity ratio of 27.96, a current ratio of 1.42 and a quick ratio of 3.74. Cameco has a 12-month low of C$35.65 and a 12-month high of C$74.99. The firm’s fifty day moving average price is C$65.71 and its 200 day moving average price is C$61.83.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Tuesday, April 30th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.32). The company had revenue of C$634.00 million during the quarter. Cameco had a net margin of 9.27% and a return on equity of 3.89%. As a group, research analysts expect that Cameco will post 1.4894072 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Dale Robert Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$74.25, for a total transaction of C$742,500.00. In related news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Dale Robert Clark sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of C$74.25, for a total transaction of C$742,500.00. In the last 90 days, insiders sold 236,361 shares of company stock worth $16,144,349. 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.