Eight Capital Issues Positive Forecast for Cameco (TSE:CCO) Stock Price

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by equities research analysts at Eight Capital from C$80.00 to C$90.00 in a note issued to investors on Friday,BayStreet.CA reports. Eight Capital’s price target suggests a potential upside of 24.09% from the stock’s current price.

CCO has been the topic of a number of other research reports. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. TD Securities increased their price target on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Canaccord Genuity Group boosted their target price on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, National Bankshares boosted their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday. Eight investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$81.40.

Cameco Price Performance

Shares of Cameco stock traded down C$1.70 during trading on Friday, reaching C$72.53. 461,171 shares of the company’s stock were exchanged, compared to its average volume of 1,245,935. The firm’s 50-day moving average price is C$64.45 and its 200 day moving average price is C$65.80. The company has a market cap of C$31.56 billion, a P/E ratio of 122.93, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a 1-year low of C$48.71 and a 1-year high of C$81.12.

Insider Transactions at Cameco

In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, for a total transaction of C$28,115.00. In related news, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$56.23 per share, with a total value of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. Corporate insiders own 0.15% of the company’s stock.

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.