Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) had its target price lifted by equities research analysts at Raymond James from C$74.00 to C$80.00 in a research report issued on Tuesday, BayStreet.CA reports. Raymond James’ price target indicates a potential upside of 20.52% from the stock’s previous close.
Other analysts have also issued research reports about the company. Scotiabank upped their target price on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. TD Securities reduced their price target on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research report on Monday, February 12th. Eight Capital upped their target price on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Bank of America upped their target price on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Finally, CIBC increased their price target on Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$73.33.
View Our Latest Stock Analysis on CCO
Cameco Trading Up 2.4 %
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last released its earnings results 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 business had revenue of C$844.00 million for the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%. Analysts forecast that Cameco will post 1.6943044 earnings per share for the current fiscal year.
Insider Transactions at Cameco
In related news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other Cameco news, 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 value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. Insiders have sold a total of 98,694 shares of company stock valued at $6,095,228 in the last ninety days. 0.15% of the stock is currently owned by corporate 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.
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