Cameco (TSE:CCO) Given New C$74.00 Price Target at CIBC

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by stock analysts at CIBC from C$72.00 to C$74.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 11.55% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. TD Securities cut their price objective on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a research report on Monday, February 12th. Canaccord Genuity Group lifted their price target on shares of Cameco from C$67.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Raymond James lifted their price target on shares of Cameco from C$71.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Scotiabank lifted their price target on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Finally, Bank of America lifted their price target on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and an average target price of C$72.67.

Cameco Price Performance

Cameco stock opened at C$66.34 on Wednesday. Cameco has a 12-month low of C$33.83 and a 12-month high of C$72.37. The stock has a market cap of C$28.81 billion, a P/E ratio of 79.93, a PEG ratio of 2.22 and a beta of 0.94. The company has a 50-day moving average price of C$59.32 and a 200 day moving average price of C$58.93. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The firm had revenue of C$844.00 million for the quarter. Sell-side analysts anticipate that Cameco will post 1.6943044 earnings per share for the current year.

Insider Activity

In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. Over the last quarter, insiders sold 98,694 shares of company stock valued at $6,095,228. 0.15% of the stock is currently owned by company 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.