Analysts Set Cameco Co. (TSE:CCO) Price Target at C$77.50

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have received a consensus rating of "Buy" from the twelve analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$77.50.

CCO has been the subject of several recent analyst reports. TD Securities boosted their target price on Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Cantor Fitzgerald raised Cameco from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 31st. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Finally, Canaccord Genuity Group raised their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th.

Cameco Price Performance

Shares of Cameco stock traded down C$3.52 on Wednesday, reaching C$74.82. The stock had a trading volume of 1,405,608 shares, compared to its average volume of 1,265,388. The business's 50 day moving average is C$60.74 and its two-hundred day moving average is C$65.29. The company has a market cap of C$32.56 billion, a P/E ratio of 126.81, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 1 year low of C$48.71 and a 1 year high of C$81.12. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last posted 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 return on equity of 4.23% and a net margin of 9.70%.

Insider Transactions at Cameco

In related news, Senior Officer Cory John-Paul Kos acquired 500 shares of the stock in a transaction on Monday, August 19th. The stock was purchased at an average price of C$56.23 per share, for a total transaction of C$28,115.00. In other news, Senior Officer Cory John-Paul Kos purchased 500 shares of the business's 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, Director Catherine Gignac acquired 5,500 shares of the stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of C$52.99 per share, with a total value of C$291,417.50. Company 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.