Raymond James Boosts Cameco (TSE:CCO) Price Target to C$80.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective increased by Raymond James from C$74.00 to C$80.00 in a report released on Tuesday, BayStreet.CA reports.

A number of other research analysts have also recently commented on the company. Bank of America boosted their price target on Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Scotiabank increased their target price on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. TD Securities cut their price objective on Cameco from C$82.00 to C$79.00 and set an action list buy rating on the stock in a research report on Monday, February 12th. Eight Capital boosted their price target on Cameco from C$70.00 to C$80.00 and gave the company a buy rating in a report on Monday, January 15th. Finally, CIBC boosted their price target on shares of Cameco from C$72.00 to C$74.00 and gave the company an outperform rating in a report on Wednesday, April 17th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco has an average rating of Buy and a consensus price target of C$73.33.

Cameco Stock Performance

Shares of CCO stock opened at C$66.48 on Tuesday. The firm has a market capitalization of C$28.87 billion, a PE ratio of 80.10, a P/E/G ratio of 2.22 and a beta of 0.94. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. The company has a 50 day moving average price of C$59.77 and a 200-day moving average price of C$59.36. Cameco has a 52 week low of C$34.35 and a 52 week high of C$72.37.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$844.00 million during the quarter. As a group, equities research analysts expect that Cameco will post 1.6943044 earnings per share for the current year.

Insider Activity at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. In related news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of C$54.77, for a total transaction of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. Insiders sold 98,694 shares of company stock valued at $6,095,228 in the last three months. 0.15% of the stock is owned by insiders.

About Cameco

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.