Cameco (TSE:CCO) PT Raised to C$75.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target boosted by analysts at Royal Bank of Canada from C$70.00 to C$75.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 13.29% from the company’s current price.

Several other analysts have also recently commented on the company. Scotiabank lifted their price target on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Eight Capital boosted their target price on shares of Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Raymond James upped their price target on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Bank of America boosted their price target on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Finally, CIBC raised their target price on shares of Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$75.44.

Cameco Stock Performance

Shares of CCO opened at C$66.20 on Thursday. The company has a 50-day simple moving average of C$61.11 and a 200-day simple moving average of C$59.99. The company has a market capitalization of C$28.74 billion, a PE ratio of 79.76, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. Cameco has a 52-week low of C$35.65 and a 52-week high of C$72.37.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The business had revenue of C$844.00 million for the quarter. Equities research analysts predict that Cameco will post 1.5829133 earnings per share for the current fiscal year.

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total value of C$675,478.41. Insiders have sold a total of 98,694 shares of company stock valued at $6,095,228 in the last three months. 0.15% of the stock is currently owned by company 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.