Cameco (TSE:CCO) Lifted to “Strong-Buy” at Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a strong-buy rating in a research report released on Friday, Zacks.com reports.

A number of other analysts have also recently commented on CCO. Canaccord Genuity Group lifted their price target on Cameco from C$75.00 to C$78.00 and gave the stock a buy rating in a research report on Tuesday, September 24th. TD Securities increased their price target on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. National Bank Financial raised shares of Cameco to a strong-buy rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald upgraded shares of Cameco from a hold rating to a strong-buy rating in a research note on Wednesday, July 31st. Finally, Scotiabank reduced their target price on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Eight analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of C$77.50.

Cameco Stock Performance

Shares of Cameco stock opened at C$70.05 on Friday. The company has a market capitalization of C$30.48 billion, a PE ratio of 118.73, a P/E/G ratio of 2.22 and a beta of 0.88. The company has a 50-day simple moving average of C$57.18 and a two-hundred day simple moving average of C$64.11. Cameco has a one year low of C$48.71 and a one year high of C$76.66. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22.

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 the consensus estimate 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 business had revenue of C$598.00 million for the quarter. Research analysts expect that Cameco will post 1.5181371 EPS for the current fiscal year.

Insider Activity at Cameco

In related news, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Director Catherine Gignac bought 5,500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of C$52.99 per share, with a total value of C$291,417.50. Also, Senior Officer Cory John-Paul Kos bought 500 shares of Cameco stock in a transaction on Monday, August 19th. The stock was acquired at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 0.15% of the stock is owned by corporate insiders.

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.