Cameco Co. (TSE:CCO – Get Free Report) (NYSE:CCJ) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$63.79 and traded as high as C$71.73. Cameco shares last traded at C$67.31, with a volume of 1,156,010 shares.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CCO. Royal Bank of Canada raised their price target on shares of Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. CIBC raised their price target on shares of Cameco from C$74.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Bank of America raised their price target on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Raymond James raised their price target on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Finally, Scotiabank raised their price target on shares of Cameco from C$75.00 to C$83.00 in a report on Thursday, May 30th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$77.44.
Check Out Our Latest Stock Analysis on CCO
Cameco Price Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.32). Cameco had a net margin of 9.27% and a return on equity of 3.89%. The business had revenue of C$634.00 million during the quarter. On average, equities analysts predict that Cameco Co. will post 1.4911413 earnings per share for the current year.
Insider Buying and Selling at Cameco
In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the firm’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 sold 275,547 shares of company stock valued at $19,245,735 in the last 90 days. Company 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.
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