Cameco Co. (TSE:CCO) Receives Average Rating of “Buy” from Brokerages

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

A number of brokerages have issued reports on CCO. Royal Bank of Canada lifted their price target on shares of Cameco from C$70.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. CIBC boosted their target price 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. Raymond James raised their price target on Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. TD Securities decreased their price objective on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a report on Monday, February 12th. Finally, Eight Capital raised their target price on shares of Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, January 15th.

Insider Activity

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

Cameco Stock Performance

TSE CCO opened at C$70.97 on Wednesday. The business has a 50-day moving average price of C$61.92 and a 200-day moving average price of C$60.48. The firm has a market cap of C$30.82 billion, a price-to-earnings ratio of 85.51, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. Cameco has a twelve month low of C$35.65 and a twelve month high of C$72.37. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27.

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

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.