Analysts Set Cameco Co. (TSE:CCO) Target Price at C$84.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$84.30.

CCO has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th. National Bankshares increased their price target on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday, November 8th. Scotiabank lifted their price objective on shares of Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Raymond James increased their target price on shares of Cameco from C$81.00 to C$88.00 in a research report on Friday, November 22nd. Finally, Eight Capital lifted their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th.

Insider Activity at Cameco

In other news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total value of C$1,120,642.00. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total value of C$150,380.00. In the last ninety days, insiders sold 80,962 shares of company stock worth $6,800,456. Corporate insiders own 0.15% of the company’s stock.

Cameco Stock Down 3.3 %

Cameco stock opened at C$69.69 on Friday. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The stock has a market cap of C$30.33 billion, a PE ratio of 118.12, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The firm’s 50-day simple moving average is C$76.25 and its 200 day simple moving average is C$68.87.

Cameco (TSE:CCO) (NYSE:CCJ) last released its earnings results on Thursday, November 7th. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.24). Cameco had a net margin of 9.70% and a return on equity of 4.23%. During the same period in the prior year, the business earned $0.32 earnings per share.

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.