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

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective lifted by research analysts at Royal Bank of Canada from C$70.00 to C$75.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 13.69% from the company’s current price.

CCO has been the topic of several other research reports. Bank of America upped their price objective on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. TD Securities dropped their price target on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Scotiabank boosted their price objective on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. CIBC raised their target price on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Finally, Raymond James upped their price target on Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cameco presently has an average rating of “Buy” and a consensus target price of C$75.44.

Cameco Stock Up 2.2 %

TSE:CCO traded up C$1.41 during trading hours on Thursday, reaching C$65.97. The company had a trading volume of 591,344 shares, compared to its average volume of 1,394,641. Cameco has a twelve month low of C$35.65 and a twelve month high of C$72.37. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. The firm has a market cap of C$28.64 billion, a price-to-earnings ratio of 79.54, a P/E/G ratio of 2.22 and a beta of 0.94. The business’s 50-day simple moving average is C$60.89 and its two-hundred day simple moving average is C$59.95.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Thursday, February 8th. The company reported C$0.21 EPS 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 firm had revenue of C$844.00 million during the quarter. On average, equities analysts expect that Cameco will post 1.5829133 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction 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 sold a total of 98,694 shares of company stock valued at $6,095,228 in the last ninety days. 0.15% of the stock is currently owned by 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.