Cameco (TSE:CCO – Free Report) (NYSE:CCJ) had its price objective hoisted by Bank of America from C$76.00 to C$80.00 in a research report released on Tuesday morning, BayStreet.CA reports.
A number of other research firms have also recently commented on CCO. Canaccord Genuity Group raised their target price on Cameco from C$67.00 to C$72.00 and gave the company a buy rating in a research note on Wednesday, December 20th. Eight Capital raised their target price on Cameco from C$70.00 to C$80.00 and gave the company a buy rating in a research note on Monday, January 15th. Scotiabank raised their price objective on Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Raymond James raised their price objective on Cameco from C$71.00 to C$74.00 and gave the company an outperform rating in a research report on Friday, January 12th. Finally, TD Securities reduced their price objective on 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. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has an average rating of Buy and an average target price of C$72.44.
Cameco Trading Down 1.8 %
TSE CCO opened at C$65.00 on Tuesday. Cameco has a fifty-two week low of C$33.76 and a fifty-two week high of C$69.18. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The stock has a 50 day simple moving average of C$58.95 and a two-hundred day simple moving average of C$58.38. The stock has a market cap of C$28.22 billion, a P/E ratio of 78.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.92.
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last released its earnings results on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). The firm had revenue of C$844.00 million during the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%. On average, analysts forecast that Cameco will post 1.832948 earnings per share for the current year.
Insiders Place Their Bets
In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of Cameco stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In the last quarter, insiders sold 98,694 shares of company stock valued at $6,095,228. Corporate insiders own 0.13% of the company’s stock.
Cameco Company Profile
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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Source: defenseworld.net
