Cameco (TSE:CCO) Price Target Raised to C$78.00

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target hoisted by Canaccord Genuity Group from C$75.00 to C$78.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 24.11% from the stock's current price.

Several other analysts also recently commented on CCO. National Bank Financial upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Scotiabank lowered their target price on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. CIBC increased their price objective on shares of Cameco from C$74.00 to C$80.00 and gave the company an "outperform" rating in a research report on Thursday, June 20th. Cantor Fitzgerald raised shares of Cameco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. Finally, National Bankshares set a C$74.00 price target on Cameco and gave the company an "outperform" rating in a report on Wednesday, September 4th. Eight equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of C$77.50.

Cameco Stock Up 1.1 %

TSE:CCO traded up C$0.69 during trading hours on Tuesday, reaching C$62.85. 1,026,123 shares of the company traded hands, compared to its average volume of 1,283,480. 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 business's 50-day moving average price is C$57.06 and its two-hundred day moving average price is C$63.54. Cameco has a 1 year low of C$48.45 and a 1 year high of C$76.66. The stock has a market capitalization of C$27.35 billion, a P/E ratio of 106.53, a P/E/G ratio of 2.22 and a beta of 0.88.

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

Insider Transactions at Cameco

In other news, Senior Officer Cory John-Paul Kos bought 500 shares of Cameco stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Director Catherine Gignac acquired 5,500 shares of the company's stock in a transaction dated 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 bought 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. Corporate 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.