Cameco (TSE:CCO) Reaches New 1-Year High - Should You Buy?

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ reached a new 52-week high on Wednesday . The stock traded as high as C$76.77 and last traded at C$76.37, with a volume of 957754 shares trading hands. The stock had previously closed at C$71.30.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCO. Canaccord Genuity Group upped their price target on shares of Cameco from C$75.00 to C$78.00 and gave the company a "buy" rating in a report on Tuesday, September 24th. Cantor Fitzgerald raised Cameco from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 31st. CIBC lifted their price target on Cameco from C$74.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Thursday, June 20th. National Bank Financial raised Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, National Bankshares set a C$74.00 target price on shares of Cameco and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Eight research 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.com, Cameco currently has a consensus rating of "Buy" and a consensus target price of C$77.50.

Cameco Stock Up 7.5 %

The firm has a market capitalization of C$33.37 billion, a P/E ratio of 129.97, a PEG ratio of 2.22 and a beta of 0.90. The firm's 50 day moving average is C$58.74 and its two-hundred day moving average is C$64.69. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its 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). The firm had revenue of C$598.00 million during the quarter. Cameco had a net margin of 9.70% and a return on equity of 4.23%.

Insider Transactions at Cameco

In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm's stock in a transaction that occurred 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 other Cameco news, Senior Officer Cory John-Paul Kos purchased 500 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. 0.15% of the stock is currently 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.