Cameco (TSE:CCO) Given New C$74.00 Price Target at CIBC

Cameco (TSE:CCO) (NYSE:CCJ) had its price target increased by CIBC from C$72.00 to C$74.00 in a report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also recently issued reports about the stock. Eight Capital boosted their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a buy rating in a research note on Monday, January 15th. Bank of America lifted their price objective on Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Canaccord Genuity Group increased their target price on shares of Cameco from C$67.00 to C$72.00 and gave the stock a buy rating in a research report on Wednesday, December 20th. Raymond James lifted their price target on shares of Cameco from C$71.00 to C$74.00 and gave the company an outperform rating in a research report on Friday, January 12th. Finally, Scotiabank increased their price objective on shares of Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco has a consensus rating of Buy and an average target price of C$72.67.

Cameco Stock Performance

Cameco stock opened at C$66.67 on Wednesday. The stock has a fifty day moving average price of C$59.20 and a 200 day moving average price of C$58.88. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. Cameco has a 52 week low of C$33.83 and a 52 week high of C$72.37. The firm has a market capitalization of C$28.95 billion, a P/E ratio of 80.33, a PEG ratio of 2.22 and a beta of 0.94.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The company had revenue of C$844.00 million for the quarter. Equities research analysts anticipate that Cameco will post 1.6943044 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Tim Scott Gitzel sold 21,546 shares of Cameco stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total value of C$1,440,350.10. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction dated Monday, April 1st. The stock was sold at an average price of C$63.25, for a total value of C$3,162,500.00. Insiders sold a total of 98,694 shares of company stock worth $6,095,228 in the last 90 days. 0.15% of the stock is owned by company insiders.

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.