Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$73.33

Cameco Co. (TSE:CCO) (NYSE:CCJ) has received an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$75.44.

A number of equities analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. TD Securities cut their price target 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 note on Monday, February 12th. Royal Bank of Canada upped their price objective on Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank lifted their price target on shares of Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Finally, Bank of America upped their price objective on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th.

Cameco Stock Down 0.1 %

Shares of CCO opened at C$66.20 on Wednesday. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The company has a 50-day simple moving average of C$61.35 and a 200-day simple moving average of C$60.23. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The firm has a market capitalization of C$28.74 billion, a P/E ratio of 79.76, a P/E/G ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). The firm had revenue of C$844.00 million during the quarter. Cameco had a return on equity of 6.05% and a net margin of 13.94%. On average, equities research analysts expect that Cameco will post 1.5829133 earnings per share for the current year.

Insider Transactions at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other news, Senior Officer Jonathan Huntington sold 12,333 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. Insiders have sold 98,694 shares of company stock worth $6,095,228 in the last three months. Insiders own 0.15% of the company’s stock.

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.