Cameco (TSE:CCO) Given a C$74.00 Price Target by National Bankshares Analysts

National Bankshares set a C$74.00 price objective on Cameco (TSE:CCO) (NYSE:CCJ) in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other analysts have also recently commented on CCO. Canaccord Genuity Group lowered their price target on Cameco from C$80.00 to C$75.00 and set a buy rating for the company in a research note on Tuesday, July 30th. Scotiabank lowered their target price on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. CIBC increased their target price 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. Cantor Fitzgerald raised shares of Cameco from a hold rating to a strong-buy rating in a report on Wednesday, July 31st. Finally, TD Securities raised their price objective on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Eight analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of C$77.20.

Cameco Price Performance

Shares of CCO stock opened at C$50.14 on Wednesday. The firm’s 50 day moving average price is C$60.01 and its two-hundred day moving average price is C$63.47. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. Cameco has a 52-week low of C$48.45 and a 52-week high of C$76.66. The stock has a market cap of C$21.82 billion, a PE ratio of 84.98, a PEG ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. As a group, analysts forecast that Cameco will post 1.3534982 EPS for the current year.

Insider Buying and Selling

In other news, Director Catherine Gignac purchased 5,500 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. In other news, Director Catherine Gignac purchased 5,500 shares of Cameco stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. 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.