Canaccord Genuity Group Increases Cameco (TSE:CCO) Price Target to C$78.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by equities researchers at Canaccord Genuity Group from C$75.00 to C$78.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 24.46% from the stock’s current price.

CCO has been the topic of several other research reports. TD Securities raised their price objective on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Scotiabank decreased their price target on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. National Bankshares set a C$74.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, CIBC raised their target price on shares of Cameco from C$74.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Eight analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$77.50.

Cameco Stock Up 0.8 %

Shares of TSE CCO traded up C$0.51 during mid-day trading on Tuesday, hitting C$62.67. 687,162 shares of the stock traded hands, compared to its average volume of 1,281,631. Cameco has a 52 week low of C$48.45 and a 52 week high of C$76.66. The company has a market cap of C$27.27 billion, a price-to-earnings ratio of 106.36, a PEG ratio of 2.22 and a beta of 0.88. The stock has a fifty day moving average price of C$57.23 and a 200-day moving average price of C$63.49. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22.

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

Insider Transactions at Cameco

In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction on Monday, August 19th. The shares were bought at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. Also, Director Catherine Gignac bought 5,500 shares of the stock in a transaction on Friday, August 2nd. The shares were bought at an average cost of C$52.99 per share, for a total transaction of C$291,417.50. Company 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.