Cameco Co. (TSE:CCO – Get Free Report) (NYSE:CCJ) has been given a consensus recommendation of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$78.60.
A number of research firms have recently issued reports on CCO. TD Securities boosted their price target on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, National Bankshares increased their price objective on Cameco from C$74.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday.
View Our Latest Research Report on CCO
Cameco Stock Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last issued its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). The company had revenue of C$598.00 million during the quarter. Cameco had a return on equity of 4.23% and a net margin of 9.70%.
Insider Activity
In other Cameco news, Director Catherine Gignac acquired 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. In other Cameco news, Director Catherine Gignac acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of C$52.99 per share, for a total transaction of C$291,417.50. Also, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 0.15% of the stock is owned by corporate insiders.
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.
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