TD Reiterates C$190.00 Price Target for Cameco (TSE:CCO)

Cameco (TSE:CCO) (NYSE:CCJ) has been given a C$190.00 target price by equities research analysts at TD in a note issued to investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s price objective points to a potential upside of 37.50% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada lifted their price target on shares of Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Barclays cut their price objective on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Scotia raised their target price on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the company a “buy” rating in a research report on Thursday. Finally, National Bank Financial upped their price target on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$176.36.

Cameco Trading Up 3.5%

Shares of TSE:CCO traded up C$4.72 during mid-day trading on Thursday, hitting C$138.18. The company had a trading volume of 508,110 shares, compared to its average volume of 1,006,749. The company has a market capitalization of C$60.18 billion, a PE ratio of 170.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. Cameco has a one year low of C$103.08 and a one year high of C$182.72. The firm has a fifty day moving average price of C$133.76 and a 200 day moving average price of C$147.67. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74.

Insider Transactions at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the sale, the insider directly owned 20 shares of the company’s stock, valued at approximately C$2,970.60. The trade was a 93.75% decrease in their position. Company insiders own 0.15% of the company’s stock.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.