Cameco (TSE:CCO) Given New C$80.00 Price Target at Raymond James

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lifted by Raymond James from C$74.00 to C$80.00 in a report issued on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Scotiabank upped their target price on shares of Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Bank of America lifted their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. CIBC raised their target price on shares of 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 reduced their price objective on shares of Cameco from C$82.00 to C$79.00 and set an action list buy rating on the stock in a research note on Monday, February 12th. Finally, Eight Capital upped 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. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of C$73.33.

Cameco Stock Performance

CCO opened at C$66.48 on Tuesday. The business’s 50-day simple moving average is C$59.77 and its 200 day simple moving average is C$59.36. Cameco has a 52-week low of C$34.35 and a 52-week high of C$72.37. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The firm has a market capitalization of C$28.87 billion, a PE ratio of 80.10, a PEG ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing the consensus estimate of C$0.28 by C($0.07). The company had revenue of C$844.00 million during the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%. As a group, sell-side analysts expect that Cameco will post 1.6943044 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. In other Cameco news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. Over the last quarter, insiders sold 98,694 shares of company stock valued at $6,095,228. Company insiders own 0.15% of the company’s stock.

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.