Cameco (TSE:CCO) Price Target Raised to C$90.00 at Royal Bank of Canada

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective upped by equities researchers at Royal Bank of Canada from C$75.00 to C$90.00 in a report released on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 7.13% from the stock’s current price.

Other research analysts also recently issued reports about the company. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. National Bankshares increased their target price on Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Eight Capital increased their target price on Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Finally, Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$84.30.

Cameco Trading Down 1.3 %

CCO stock opened at C$84.01 on Thursday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$85.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The company has a market capitalization of C$36.56 billion, a price-to-earnings ratio of 142.39, a PEG ratio of 2.22 and a beta of 0.90. The business has a 50 day simple moving average of C$69.61 and a two-hundred day simple moving average of C$66.65.

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$83.63, for a total value of C$1,120,642.00. Also, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. Insiders have sold 32,862 shares of company stock worth $2,635,367 over the last quarter. Insiders own 0.15% of the company’s stock.

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.