Cameco Co. (TSE:CCO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$76.78.

CCO has been the topic of a number of recent research reports. Scotiabank boosted their target price on Cameco from C$75.00 to C$83.00 in a research note on Thursday, May 30th. Raymond James boosted their target price on Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. Bank of America boosted their target price on Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. CIBC upped their price target on Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada upped their price target on Cameco from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd.

Cameco Stock Down 1.4 %

TSE:CCO opened at C$70.86 on Thursday. The firm has a market capitalization of C$30.80 billion, a price-to-earnings ratio of 131.22, a PEG ratio of 2.22 and a beta of 0.93. Cameco has a 1-year low of C$38.64 and a 1-year high of C$76.66. The company has a current ratio of 1.42, a quick ratio of 3.74 and a debt-to-equity ratio of 27.96. The business’s fifty day moving average price is C$69.98 and its 200 day moving average price is C$63.40.

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

Insider Activity at Cameco

In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. In other news, Director Jill Amanda Johnson sold 1,876 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of C$76.00, for a total value of C$142,576.00. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. Insiders sold a total of 247,422 shares of company stock worth $17,241,266 in the last 90 days. 0.15% of the stock is owned by company 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.