Scotiabank Boosts Cameco (TSE:CCO) Price Target to C$83.00

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) had its price objective lifted by equities research analysts at Scotiabank from C$75.00 to C$83.00 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 9.20% from the stock’s current price.

Several other analysts have also commented on CCO. Royal Bank of Canada raised their price objective on shares of Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. TD Securities cut their price objective on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a research report on Monday, February 12th. Raymond James boosted their price target on shares of Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. CIBC upped their target price on shares of Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Bank of America upped their target price on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of C$76.78.

Check Out Our Latest Research Report on Cameco

Cameco Trading Up 2.0 %

Shares of TSE CCO traded up C$1.48 during trading hours on Thursday, hitting C$76.01. The company’s stock had a trading volume of 570,639 shares, compared to its average volume of 1,304,374. The company has a debt-to-equity ratio of 27.96, a quick ratio of 3.74 and a current ratio of 1.42. The stock has a market cap of C$33.04 billion, a price-to-earnings ratio of 140.61, a P/E/G ratio of 2.22 and a beta of 0.93. Cameco has a 12 month low of C$35.65 and a 12 month high of C$76.20. The business has a 50-day simple moving average of C$66.75 and a 200-day simple moving average of C$62.17.

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) last posted its earnings results on Tuesday, April 30th. The company reported C$0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.45 by C($0.32). The business had revenue of C$634.00 million during the quarter. Cameco had a return on equity of 3.89% and a net margin of 9.27%. On average, analysts anticipate that Cameco will post 1.4911413 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Dale Robert Clark sold 10,000 shares of Cameco stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of C$74.25, for a total value of C$742,500.00. In other Cameco news, Senior Officer Dale Robert Clark sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of C$74.25, for a total transaction of C$742,500.00. Also, Senior Officer Sean Anthony Quinn sold 40,000 shares of the business’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. In the last 90 days, insiders sold 221,546 shares of company stock valued at $15,327,450. 0.15% of the stock is owned by company insiders.

About Cameco

(Get Free Report)

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.

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Analyst Recommendations for Cameco (TSE:CCO)

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