Cameco Co. (TSE:CCO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation 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$175.43.

A number of equities analysts have weighed in on CCO shares. Canaccord Genuity Group increased their target price on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. National Bank Financial lifted their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Barclays set a C$149.00 target price on shares of Cameco and gave the company an “equal weight” rating in a report on Friday, May 22nd. Desjardins lifted their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th.

Cameco Trading Up 1.1%

TSE:CCO opened at C$135.79 on Friday. Cameco has a 12 month low of C$94.96 and a 12 month high of C$182.72. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. The firm’s 50 day moving average is C$149.56 and its 200 day moving average is C$153.11. The stock has a market capitalization of C$59.14 billion, a PE ratio of 91.13, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The firm had revenue of C$845.37 million for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

Insiders Place Their Bets

In related news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the sale, the insider owned 20 shares of the company’s stock, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position. Company insiders own 0.15% of the company’s stock.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.