Cameco (TSE:CCO) Price Target Raised to C$75.00 at Royal Bank of Canada

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by Royal Bank of Canada from C$70.00 to C$75.00 in a report issued on Thursday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. CIBC lifted their price target on Cameco from C$72.00 to C$74.00 and gave the stock an outperform rating in a research report on Wednesday, April 17th. Eight Capital upped their target price on shares of Cameco from C$70.00 to C$80.00 and gave the company a buy rating in a research note on Monday, January 15th. Raymond James increased their price target on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Scotiabank boosted their price objective on shares of Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Finally, Bank of America increased their target price on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of Buy and a consensus target price of C$75.44.

Cameco Stock Performance

Shares of CCO opened at C$66.20 on Thursday. The company has a market capitalization of C$28.74 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. Cameco has a one year low of C$35.65 and a one year high of C$72.37. The company’s fifty day moving average price is C$61.35 and its 200 day moving average price is C$60.17.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The business had revenue of C$844.00 million during the quarter. As a group, analysts expect that Cameco will post 1.5829133 earnings per share for the current year.

Insider Activity

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the firm’s 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 other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’s stock in a transaction 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. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. In 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 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.