Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$77.50

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$77.50.

A number of brokerages recently weighed in on CCO. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Canaccord Genuity Group raised their price objective on shares of Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. TD Securities lifted their price target on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Finally, Scotiabank lowered their price target on Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th.

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of the stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of C$56.23 per share, with a total value of C$28,115.00. In related news, Director Catherine Gignac purchased 5,500 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of C$52.99 per share, for a total transaction of C$291,417.50. Also, Senior Officer Cory John-Paul Kos acquired 500 shares of the stock in a transaction dated 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. 0.15% of the stock is owned by insiders.

Cameco Stock Performance

The company has a 50 day simple moving average of C$56.96 and a two-hundred day simple moving average of C$63.70. Cameco has a one year low of C$48.45 and a one year high of C$76.66. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The firm has a market capitalization of C$28.12 billion, a price-to-earnings ratio of 109.95, a PEG ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. The company had revenue of C$598.00 million for the quarter. Research analysts predict that Cameco will post 1.5181371 earnings per share for the current year.

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.