Cameco (TSE:CCO) Price Target Raised to C$88.00

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target increased by investment analysts at Raymond James from C$81.00 to C$88.00 in a report released on Friday,BayStreet.CA reports. Raymond James' price target points to a potential upside of 4.75% from the stock's current price. Raymond James also issued estimates for Cameco's Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

Several other research firms have also issued reports on CCO. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Scotiabank lifted their price target on Cameco from C$80.00 to C$86.00 in a report on Tuesday. Eight Capital increased their price objective on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their target price on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of C$84.30.

Cameco Price Performance

CCO traded down C$1.07 during midday trading on Friday, reaching C$84.01. 975,500 shares of the company's stock were exchanged, compared to its average volume of 1,258,084. 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 business has a 50-day simple moving average of C$69.61 and a two-hundred day simple moving average of C$66.65. The firm has a market capitalization of C$36.56 billion, a price-to-earnings ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$85.18.

Insider Buying and Selling at Cameco

In other news, Senior Officer Brian Arthur Reilly sold 14,062 shares of Cameco stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Also, 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 transaction of C$239,666.00. In the last 90 days, insiders sold 32,862 shares of company stock worth $2,635,367. 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.