Cameco Co. (TSE:CCO) Receives C$175.61 Consensus Target Price from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$175.61.

Several equities research analysts recently commented on CCO shares. Desjardins boosted their price objective on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. William Blair upgraded shares of Cameco to a “strong-buy” rating in a research report on Monday, April 20th. TD lifted their target price on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Scotia upped their price target on shares of Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group increased their price target on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th.

Cameco Stock Performance

Shares of CCO stock opened at C$131.36 on Tuesday. The stock has a fifty day moving average price of C$138.25 and a 200 day moving average price of C$151.29. The stock has a market cap of C$57.21 billion, a PE ratio of 162.17, a P/E/G ratio of 2.22 and a beta of 0.78. Cameco has a 1 year low of C$95.60 and a 1 year high of C$182.72. The company has a debt-to-equity ratio of 14.14, a quick ratio of 3.74 and a current ratio of 3.06.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.The company had revenue of C$845.37 million for the quarter.

Insider Activity

In related news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total value of C$44,559.00. Following the sale, the insider owned 20 shares of the company’s stock, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position. 0.15% of the stock is owned by corporate insiders.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.