Cameco Co. (TSE:CCO) Receives C$77.67 Average Price Target from Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has received an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation 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$77.67.

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their target price 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. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Raymond James upped their target price on Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. CIBC lifted their price target on Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Scotiabank cut their target price on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st.

Cameco Trading Up 0.0 %

Shares of Cameco stock opened at C$53.75 on Friday. The company has a fifty day simple moving average of C$65.96 and a 200-day simple moving average of C$64.39. Cameco has a 12-month low of C$45.63 and a 12-month high of C$76.66. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The stock has a market cap of C$23.39 billion, a price-to-earnings ratio of 91.10, a PEG ratio of 2.22 and a beta of 0.89.

Insider Activity at Cameco

In related news, Senior Officer Brian Arthur Reilly sold 28,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. In other Cameco news, Senior Officer Sean Anthony Quinn sold 40,000 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$71.99, for a total value of C$2,879,600.00. Also, Senior Officer Brian Arthur Reilly sold 28,125 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$71.27, for a total value of C$2,004,468.75. In the last 90 days, insiders sold 104,001 shares of company stock worth $7,540,385. 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.