Cameco (TSE:CCO – Free Report) (NYSE:CCJ) had its price objective lowered by Scotiabank from C$81.00 to C$80.00 in a report released on Monday morning, BayStreet.CA reports.
Several other equities analysts have also weighed in on the stock. CIBC raised their price objective on shares of Cameco from C$74.00 to C$80.00 and gave the company an outperform rating in a research report on Thursday, June 20th. Raymond James lifted their price target on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group cut their price objective on Cameco from C$80.00 to C$75.00 and set a buy rating for the company in a research report on Tuesday, July 30th. Cantor Fitzgerald upgraded Cameco from a hold rating to a strong-buy rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada upped their target price on Cameco from C$70.00 to C$75.00 and gave the company an outperform rating in a report on Thursday, May 2nd. Seven analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of C$77.56.
Cameco Stock Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. Research analysts predict that Cameco will post 0.7984713 EPS for the current fiscal year.
Insider Activity at Cameco
In other Cameco news, Director Catherine Gignac acquired 5,500 shares of the firm’s stock in a transaction 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. In other news, Director Jill Amanda Johnson sold 1,876 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of C$76.00, for a total value of C$142,576.00. Also, 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. Over the last ninety days, insiders have sold 54,001 shares of company stock valued at $3,918,285. 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.
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