Cameco Co. (TSE:CCO) Receives C$77.50 Consensus Target Price from Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned an average rating of “Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$77.50.

A number of equities analysts have commented on CCO shares. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Scotiabank cut their price target on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. National Bankshares set a C$74.00 target price on Cameco and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Finally, Canaccord Genuity Group raised their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a report on Tuesday, September 24th.

Cameco Stock Performance

TSE CCO opened at C$66.73 on Friday. The business’s 50-day moving average price is C$57.01 and its 200 day moving average price is C$63.84. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm has a market cap of C$29.04 billion, a P/E ratio of 113.10, a P/E/G ratio of 2.22 and a beta of 0.88. Cameco has a 52-week low of C$48.45 and a 52-week high of C$76.66.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share (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%. The company had revenue of C$598.00 million during the quarter. On average, equities research analysts expect that Cameco will post 1.5181371 earnings per share for the current year.

Insider Activity

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