Cameco Co. (TSE:CCO) Receives C$76.78 Consensus PT from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$77.44.

Several research analysts have weighed in on CCO shares. Raymond James increased their target price on shares of Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. Scotiabank increased their target price on shares of Cameco from C$75.00 to C$83.00 in a research note on Thursday, May 30th. CIBC increased their price target on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Royal Bank of Canada increased their price target on shares of Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Bank of America increased their price target on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th.

Insider Activity at Cameco

In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction that occurred 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. In other news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. Also, Director Jill Amanda Johnson sold 1,876 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$76.00, for a total transaction of C$142,576.00. Insiders have sold a total of 275,547 shares of company stock valued at $19,245,735 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Cameco Price Performance

Cameco stock opened at C$69.20 on Thursday. Cameco has a 52-week low of C$38.64 and a 52-week high of C$76.66. The firm has a market capitalization of C$30.08 billion, a price-to-earnings ratio of 128.09, a PEG ratio of 2.22 and a beta of 0.93. The company has a fifty day simple moving average of C$70.16 and a 200-day simple moving average of C$63.65. The company has a quick ratio of 3.74, a current ratio of 1.42 and a debt-to-equity ratio of 27.96.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.45 by C($0.32). Cameco had a net margin of 9.27% and a return on equity of 3.89%. The firm had revenue of C$634.00 million during the quarter. On average, equities analysts anticipate that Cameco will post 1.4911413 EPS 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.