National Bankshares Boosts Cameco (TSE:CCO) Price Target to C$85.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target increased by National Bankshares from C$74.00 to C$85.00 in a report issued on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently weighed in on CCO. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. TD Securities increased their price objective on shares of Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Canaccord Genuity Group upped their price objective on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$78.60.

Cameco Stock Up 0.2 %

Cameco stock opened at C$74.76 on Thursday. The firm has a fifty day moving average price of C$61.15 and a two-hundred day moving average price of C$65.36. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$81.12. The firm has a market cap of C$32.53 billion, a price-to-earnings ratio of 126.71, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

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

Insider Activity

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