Cameco (TSE:CCO) Price Target Raised to C$90.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by equities research analysts at Royal Bank of Canada from C$75.00 to C$90.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 7.76% from the stock’s previous close.

A number of other research firms have also recently commented on CCO. Scotiabank lifted their target price on Cameco from C$80.00 to C$86.00 in a research report on Tuesday. Eight Capital lifted their price objective on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group upped their price target 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. Finally, BMO Capital Markets upped their price target on shares of Cameco from C$78.00 to C$84.00 in a research report on Friday, November 8th. Seven investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of C$83.50.

Cameco Stock Up 3.7 %

TSE:CCO traded up C$2.95 during midday trading on Thursday, reaching C$83.52. The company had a trading volume of 596,743 shares, compared to its average volume of 1,256,715. Cameco has a 12-month low of C$48.71 and a 12-month high of C$83.63. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market capitalization of C$36.35 billion, a price-to-earnings ratio of 141.24, a PEG ratio of 2.22 and a beta of 0.90. The stock’s fifty day simple moving average is C$68.26 and its 200-day simple moving average is C$66.41.

Insider Activity

In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. In the last 90 days, insiders have sold 19,462 shares of company stock worth $1,514,725. 0.15% of the stock is owned by corporate insiders.

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.