Cameco (TSE:CCO) Rating Increased to Strong-Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, Zacks.com reports.

A number of other analysts have also commented on CCO. Scotiabank decreased their target price on Cameco from C$85.00 to C$81.00 and set an outperform rating for the company in a research report on Thursday. Raymond James boosted their target price on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Canaccord Genuity Group decreased their target price on Cameco from C$80.00 to C$75.00 and set a buy rating for the company in a research report on Tuesday, July 30th. TD Securities lifted their price target on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Finally, CIBC lifted their price target on Cameco from C$74.00 to C$80.00 and gave the company an outperform rating in a research note on Thursday, June 20th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has an average rating of Buy and an average target price of C$77.67.

Cameco Stock Performance

Shares of Cameco stock opened at C$52.73 on Wednesday. Cameco has a one year low of C$44.01 and a one year high of C$76.66. The firm has a market capitalization of C$22.92 billion, a price-to-earnings ratio of 97.65, a PEG ratio of 2.22 and a beta of 0.93. The business has a 50-day simple moving average of C$68.87 and a 200 day simple moving average of C$64.87. The company has a debt-to-equity ratio of 27.96, a current ratio of 1.42 and a quick ratio of 3.74.

Insider Transactions at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of C$70.89, for a total value of C$3,544,500.00. In related news, Senior Officer Sean Anthony Quinn sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of C$71.99, for a total value of C$2,879,600.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of C$70.89, for a total value of C$3,544,500.00. Insiders have sold 204,001 shares of company stock worth $14,642,885 in the last 90 days. 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.