Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) had its price objective lifted by equities researchers at Raymond James from C$74.00 to C$80.00 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ target price points to a potential upside of 19.74% from the stock’s previous close.
CCO has been the subject of several other research reports. TD Securities lowered 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 report on Monday, February 12th. Bank of America raised their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Scotiabank raised their price objective on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Eight Capital raised their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Finally, CIBC lifted their price target on shares of Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$73.33.
View Our Latest Stock Report on CCO
Cameco Trading Up 0.5 %
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$844.00 million for the quarter. Research analysts forecast that Cameco will post 1.6943044 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of Cameco stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. Insiders have sold 98,694 shares of company stock valued at $6,095,228 in the last 90 days. 0.15% of the stock is owned by insiders.
Cameco Company Profile
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.
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