Cameco Co. (TSE:CCO) Given Average Rating of “Buy” by Analysts

Shares of Cameco Co. (TSE:CCO – Get Rating) (NYSE:CCJ) have been assigned an average rating of “Buy” from the eleven analysts that are presently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$41.64.

Several research firms have recently weighed in on CCO. Scotiabank increased their price target on Cameco from C$40.00 to C$47.00 in a research note on Wednesday, April 13th. Royal Bank of Canada cut their target price on shares of Cameco from C$50.00 to C$45.00 and set an “outperform” rating for the company in a research report on Friday, May 6th. Canaccord Genuity Group boosted their price target on shares of Cameco from C$34.00 to C$37.00 in a research report on Thursday, February 10th. Eight Capital raised their price objective on shares of Cameco from C$38.00 to C$48.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Finally, Bank of America boosted their target price on shares of Cameco from C$40.00 to C$46.00 and gave the company a “buy” rating in a report on Tuesday, April 12th.

TSE CCO traded up C$0.48 on Friday, hitting C$30.10. 2,085,391 shares of the stock traded hands, compared to its average volume of 2,015,728. The company has a debt-to-equity ratio of 21.33, a quick ratio of 3.86 and a current ratio of 5.05. The business’s fifty day moving average is C$34.25 and its two-hundred day moving average is C$30.97. Cameco has a 12 month low of C$19.68 and a 12 month high of C$41.05. The firm has a market capitalization of C$11.99 billion and a price-to-earnings ratio of -202.01.

In related news, Senior Officer Caroline Marie Gorsalitz sold 9,947 shares of the company’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of C$29.40, for a total value of C$292,469.65. Following the completion of the transaction, the insider now directly owns 50,490 shares in the company, valued at C$1,484,547.37. Also, Senior Officer Ronald Liam Mooney sold 9,670 shares of the stock in a transaction on Friday, March 11th. The shares were sold at an average price of C$34.84, for a total value of C$336,902.80. Following the completion of the transaction, the insider now directly owns 26,748 shares in the company, valued at approximately C$931,900.32. In the last three months, insiders sold 47,429 shares of company stock valued at $1,439,886.

About Cameco (Get Rating)

Cameco Corporation produces and sells uranium. It operates through 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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