Cameco Co. (TSE:CCO) Receives C$77.56 Average Target Price from Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given an average rating of “Buy” by the eleven ratings firms that are presently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$77.20.

CCO has been the topic of a number of research reports. TD Securities upped their price objective on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Scotiabank decreased their price objective on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, National Bankshares set a C$74.00 target price on Cameco and gave the company an “outperform” rating in a research report on Wednesday, September 4th.

Cameco Stock Up 0.2 %

CCO stock opened at C$50.23 on Tuesday. 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 firm has a market capitalization of C$21.86 billion, a PE ratio of 85.14, a PEG ratio of 2.22 and a beta of 0.88. Cameco has a 1-year low of C$48.45 and a 1-year high of C$76.66. The business’s 50 day simple moving average is C$59.67 and its 200 day simple moving average is C$63.47.

Cameco (TSE:CCO) (NYSE:CCJ) last issued 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 net margin of 9.70% and a return on equity of 4.23%. As a group, research analysts anticipate that Cameco will post 1.3534982 EPS for the current year.

Insider Buying and Selling

In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Director Catherine Gignac bought 5,500 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. 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.