Raymond James Increases Cameco (TSE:CCO) Price Target to C$47.00

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) had its price objective increased by stock analysts at Raymond James from C$40.00 to C$47.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 19.68% from the company’s previous close.

Several other analysts have also weighed in on CCO. CIBC assumed coverage on Cameco in a report on Wednesday, January 19th. They issued a “buy” rating and a C$37.00 price objective for the company. Canaccord Genuity Group upped their price target on shares of Cameco from C$34.00 to C$37.00 in a report on Thursday, February 10th. Bank of America raised their price objective on shares of Cameco from C$40.00 to C$46.00 and gave the company a “buy” rating in a research report on Tuesday, April 12th. Scotiabank boosted their target price on shares of Cameco from C$40.00 to C$47.00 in a report on Wednesday, April 13th. Finally, TD Securities raised their target price on shares of Cameco from C$39.00 to C$45.00 and gave the stock a “buy” rating in a report on Friday, April 1st. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average target price of C$41.18.

Shares of TSE:CCO traded up C$1.13 during trading on Wednesday, reaching C$39.27. The company had a trading volume of 1,136,964 shares, compared to its average volume of 1,922,532. The firm’s fifty day moving average is C$33.33 and its 200 day moving average is C$30.48. The company has a debt-to-equity ratio of 21.01, a quick ratio of 3.90 and a current ratio of 5.18. The firm has a market capitalization of C$15.64 billion and a PE ratio of -151.31. Cameco has a twelve month low of C$19.68 and a twelve month high of C$41.05.

Cameco (TSE:CCOGet Rating) (NYSE:CCJ) last announced its earnings results on Wednesday, February 9th. The company reported C$0.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.02) by C$0.08. The firm had revenue of C$465.00 million for the quarter. Equities analysts predict that Cameco will post 0.99 earnings per share for the current fiscal year.

In other Cameco news, Senior Officer David Fehr Doerksen sold 10,562 shares of Cameco stock in a transaction dated Monday, February 28th. The stock was sold at an average price of C$30.78, for a total transaction of C$325,098.36. Following the transaction, the insider now owns 14,337 shares of the company’s stock, valued at approximately C$441,292.86. Also, Senior Officer Alice Louise Wong sold 17,250 shares of the stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of C$28.14, for a total transaction of C$485,415.00. Following the completion of the sale, the insider now directly owns 80,270 shares of the company’s stock, valued at C$2,258,797.80. In the last 90 days, insiders sold 37,482 shares of company stock valued at $1,147,416.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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