Janney Montgomery Scott Upgrades Cameco (TSE:CCO) to "Strong-Buy"

Janney Montgomery Scott upgraded shares of Cameco (TSE:CCO - Free Report) NYSE: CCJ to a strong-buy rating in a research report sent to investors on Friday morning, Zacks.com reports.

Several other analysts also recently commented on the stock. National Bankshares set a C$74.00 price objective on shares of Cameco and gave the stock an outperform rating in a research report on Wednesday, September 4th. Cantor Fitzgerald raised shares of Cameco from a hold rating to a strong-buy rating in a research note on Wednesday, July 31st. CIBC increased their price objective on shares of 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, TD Securities upped their price target on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Eight research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Cameco has a consensus rating of Buy and a consensus target price of C$77.50.

Cameco Trading Up 0.5 %

TSE CCO traded up C$0.35 on Friday, reaching C$70.40. The company had a trading volume of 848,973 shares, compared to its average volume of 1,268,928. The firm has a market cap of C$30.64 billion, a price-to-earnings ratio of 118.73, a P/E/G ratio of 2.22 and a beta of 0.88. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$76.66. The business has a 50 day moving average of C$57.35 and a two-hundred day moving average of C$64.15. 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 quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). The company 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%. Analysts forecast that Cameco will post 1.5181371 EPS for the current year.

Insider Activity at Cameco

In other Cameco news, Director Catherine Gignac purchased 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, for a total transaction of C$291,417.50. In related news, Director Catherine Gignac acquired 5,500 shares of the company's stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of C$52.99 per share, with a total value of C$291,417.50. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company's stock in a transaction on 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.