Cameco (TSE:CCO) Stock Price Expected to Rise, National Bankshares Analyst Says

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its target price lifted by analysts at National Bankshares from C$85.00 to C$87.00 in a report issued on Friday,BayStreet.CA reports. National Bankshares' price target would suggest a potential upside of 19.95% from the company's current price.

A number of other research firms have also commented on CCO. Cantor Fitzgerald raised Cameco from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 31st. Canaccord Genuity Group increased their target price on Cameco from C$75.00 to C$78.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Scotiabank reduced their target price on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, TD Securities raised their price objective on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Eight investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of C$81.40.

Cameco Price Performance

Shares of CCO traded down C$1.70 during trading hours on Friday, reaching C$72.53. 461,171 shares of the company traded hands, compared to its average volume of 1,245,935. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The stock has a market capitalization of C$31.56 billion, a PE ratio of 122.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$81.12. The stock has a fifty day simple moving average of C$64.45 and a 200 day simple moving average of C$65.80.

Insiders Place Their Bets

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business's stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the stock in a transaction on Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, with a total value of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company's stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. Insiders own 0.15% of the company's stock.

Cameco Company Profile

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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