Cameco Co. (TSE:CCO) Receives C$73.33 Average Target Price from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average rating of “Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Seven investment 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 target among brokers that have issued a report on the stock in the last year is C$75.44.

CCO has been the subject of a number of research reports. Eight Capital raised their price objective on Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Scotiabank upped their price target on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Royal Bank of Canada lifted their price objective on Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday. Bank of America upped their target price on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Finally, TD Securities lowered their price target on 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.

Insider Activity at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction 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 the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. Over the last 90 days, insiders sold 98,694 shares of company stock worth $6,095,228. 0.15% of the stock is currently owned by company insiders.

Cameco Trading Down 0.1 %

Shares of TSE:CCO opened at C$66.20 on Wednesday. Cameco has a twelve month low of C$35.65 and a twelve month high of C$72.37. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The firm has a market cap of C$28.74 billion, a P/E ratio of 79.76, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a 50 day moving average of C$61.11 and a 200-day moving average of C$59.99.

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 firm had revenue of C$844.00 million for the quarter. Cameco had a return on equity of 6.05% and a net margin of 13.94%. As a group, analysts anticipate that Cameco will post 1.5829133 earnings per share for the current fiscal year.

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.