Cameco (TSE:CCO) Price Target Raised to C$80.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by stock analysts at TD Securities from C$79.00 to C$80.00 in a research report issued on Monday, BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 22.87% from the company’s previous close.

CCO has been the topic of several other reports. Raymond James increased their target price on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Scotiabank increased their target price on shares of Cameco from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. CIBC increased their target price on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Bank of America increased their target price on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Finally, Royal Bank of Canada increased their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$77.78.

Cameco Trading Up 1.7 %

TSE CCO traded up C$1.06 on Monday, hitting C$65.11. 368,789 shares of the stock were exchanged, compared to its average volume of 1,268,949. The company has a debt-to-equity ratio of 27.96, a quick ratio of 3.74 and a current ratio of 1.42. The stock has a fifty day moving average price of C$70.64 and a two-hundred day moving average price of C$64.90. The firm has a market capitalization of C$28.30 billion, a P/E ratio of 120.50, a P/E/G ratio of 2.22 and a beta of 0.93. Cameco has a 52-week low of C$42.12 and a 52-week high of C$76.66.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.32). The firm had revenue of C$634.00 million for the quarter. Cameco had a return on equity of 3.89% and a net margin of 9.27%. Research analysts forecast that Cameco will post 1.4911413 EPS for the current fiscal year.

Insider Activity at Cameco

In related news, Director Jill Amanda Johnson sold 1,876 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of C$76.00, for a total value of C$142,576.00. In other Cameco news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of C$71.16, for a total transaction of C$3,558,000.00. Also, Director Jill Amanda Johnson sold 1,876 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$76.00, for a total transaction of C$142,576.00. Insiders sold 204,001 shares of company stock valued at $14,642,885 in the last three months. 0.15% of the stock is owned by 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.