Brokerages Set Cameco Co. (TSE:CCO) PT at C$77.50

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$78.60.

A number of equities analysts have issued reports on the stock. Scotiabank cut their target price on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. Canaccord Genuity Group lifted their target price on shares of Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. TD Securities lifted their target price on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd.

Insider Buying and Selling

In related news, Director Catherine Gignac purchased 5,500 shares of the company’s stock in a transaction that occurred 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. In related news, Director Catherine Gignac purchased 5,500 shares of the company’s stock in a transaction that occurred 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 company’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of C$56.23 per share, with a total value of C$28,115.00. 0.15% of the stock is currently owned by company insiders.

Cameco Stock Down 0.5 %

CCO stock opened at C$76.25 on Wednesday. The company has a market cap of C$33.18 billion, a P/E ratio of 129.24, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$81.12. The company’s 50-day moving average price is C$62.06 and its 200 day moving average price is C$65.52. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). The business had revenue of C$598.00 million for the quarter. Cameco had a return on equity of 4.23% and a net margin of 9.70%.

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.