Cameco (TSE:CCO) Price Target Raised to C$80.00 at CIBC

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by CIBC from C$74.00 to C$80.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also issued reports on the stock. Bank of America upped their target price on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Royal Bank of Canada upped their target price on shares of Cameco from C$70.00 to C$75.00 and gave the stock an outperform rating in a research report on Thursday, May 2nd. Scotiabank upped their target price on shares of Cameco from C$75.00 to C$83.00 in a research report on Thursday, May 30th. Finally, Raymond James upped their target price on shares of Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Buy and an average price target of C$77.44.

Cameco Trading Up 0.8 %

Shares of CCO stock opened at C$71.46 on Thursday. The company’s fifty day simple moving average is C$70.03 and its two-hundred day simple moving average is C$63.46. The company has a debt-to-equity ratio of 27.96, a current ratio of 1.42 and a quick ratio of 3.74. Cameco has a 1 year low of C$38.64 and a 1 year high of C$76.66. The stock has a market capitalization of C$31.06 billion, a price-to-earnings ratio of 132.33, a PEG ratio of 2.22 and a beta of 0.93.

Cameco (TSE:CCO) (NYSE:CCJ) last released 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). The firm 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%. As a group, analysts anticipate that Cameco will post 1.4911413 earnings per share for the current year.

Insider Activity

In other news, Director Jill Amanda Johnson sold 1,876 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of C$76.00, for a total transaction of C$142,576.00. In related news, Director Jill Amanda Johnson sold 1,876 shares of the stock in a transaction dated Thursday, May 30th. The shares were 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 dated 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. Over the last ninety days, insiders sold 247,422 shares of company stock valued at $17,241,266. 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.