Cameco Co. (TSE:CCO) Director Catherine Gignac Purchases 5,500 Shares

Cameco Co. (TSE:CCO) (NYSE:CCJ) Director Catherine Gignac bought 5,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was purchased at an average cost of C$52.99 per share, with a total value of C$291,417.50.

Cameco Stock Down 0.2 %

CCO stock traded down C$0.10 during midday trading on Tuesday, hitting C$52.63. The company’s stock had a trading volume of 2,058,813 shares, compared to its average volume of 1,289,175. The company has a market cap of C$22.87 billion, a PE ratio of 97.94, a P/E/G ratio of 2.22 and a beta of 0.93. The firm’s 50-day moving average is C$68.47 and its 200-day moving average is C$64.79. Cameco Co. has a 12 month low of C$44.40 and a 12 month high of C$76.66. The company has a current ratio of 1.42, a quick ratio of 3.74 and a debt-to-equity ratio of 27.96.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCO. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. TD Securities lifted their price target on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Canaccord Genuity Group dropped their price objective on shares of Cameco from C$80.00 to C$75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 30th. Bank of America raised their target price on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Finally, Raymond James lifted their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$77.67.

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.