Analysts Set Cameco Co. (TSE:CCO) Price Target at C$73.33

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$75.44.

Several analysts recently commented on CCO shares. Royal Bank of Canada upped their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday. CIBC raised their price target on 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 decreased their price objective on 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. Scotiabank boosted their target price on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Finally, Raymond James increased their price target on Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd.

Cameco Trading Down 0.1 %

Shares of TSE CCO opened at C$66.20 on Wednesday. The business has a fifty day moving average price of C$61.35 and a 200 day moving average price of C$60.23. Cameco has a 1-year low of C$35.65 and a 1-year high of C$72.37. 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 P/E 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 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 return on equity of 6.05% and a net margin of 13.94%. The firm had revenue of C$844.00 million for the quarter. Equities research analysts expect that Cameco will post 1.5829133 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Jonathan Huntington sold 12,333 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total value of C$675,478.41. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total transaction of C$675,478.41. Also, 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 transaction of C$816,899.10. In the last ninety days, insiders have sold 98,694 shares of company stock worth $6,095,228. Corporate insiders own 0.15% of the company’s stock.

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.