Cameco (TSE:CCO) Price Target Raised to C$85.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target increased by stock analysts at National Bankshares from C$74.00 to C$85.00 in a research note issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would suggest a potential upside of 13.70% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the stock. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. TD Securities boosted their price target on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Scotiabank reduced their target price on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group increased their price target on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$78.60.

Cameco Stock Performance

Shares of Cameco stock opened at C$74.76 on Thursday. The firm has a fifty day moving average of C$61.15 and a two-hundred day moving average of C$65.36. 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 capitalization of C$32.53 billion, a price-to-earnings ratio of 126.71, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$81.12.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. The company had revenue of C$598.00 million during the quarter.

Insider Transactions at Cameco

In other news, Senior Officer Cory John-Paul Kos bought 500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Cory John-Paul Kos acquired 500 shares of Cameco stock in a transaction dated Monday, August 19th. The shares were acquired at an average price of C$56.23 per share, with a total value of C$28,115.00. 0.15% of the stock is owned by 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.