Cameco Co. (TSE:CCO) Given Average Recommendation of "Buy" by Brokerages

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have earned a consensus rating of "Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$77.50.

CCO has been the topic of several recent research reports. Cantor Fitzgerald upgraded Cameco from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 31st. National Bank Financial raised Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Scotiabank lowered their price objective on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. Canaccord Genuity Group raised their target price on shares of Cameco from C$75.00 to C$78.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, National Bankshares set a C$74.00 price target on shares of Cameco and gave the stock an "outperform" rating in a research note on Wednesday, September 4th.

Insider Buying and Selling

In other news, Senior Officer Cory John-Paul Kos bought 500 shares of the firm's stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the company's stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Director Catherine Gignac purchased 5,500 shares of Cameco stock in a transaction on Friday, August 2nd. The stock was acquired at an average cost of C$52.99 per share, for a total transaction of C$291,417.50. Insiders own 0.15% of the company's stock.

Cameco Stock Performance

CCO traded up C$0.12 during trading on Friday, hitting C$64.87. 769,800 shares of the stock were exchanged, compared to its average volume of 1,278,302. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. Cameco has a 1-year low of C$48.45 and a 1-year high of C$76.66. The stock has a fifty day moving average price of C$56.96 and a two-hundred day moving average price of C$63.70. The firm has a market capitalization of C$28.23 billion, a P/E ratio of 109.95, a PEG ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. The business had revenue of C$598.00 million during the quarter. As a group, sell-side analysts predict that Cameco will post 1.5181371 earnings per share for the current year.

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.