Royal Bank of Canada Raises Cameco (TSE:CCO) Price Target to C$75.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price hoisted by stock analysts at Royal Bank of Canada from C$70.00 to C$75.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 13.29% from the company’s current price.

A number of other research firms also recently issued reports on CCO. CIBC raised their price objective on shares of Cameco from C$72.00 to C$74.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Raymond James increased their price objective on shares of Cameco from C$74.00 to C$80.00 in a report on Tuesday, April 23rd. Bank of America lifted their target price on Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. Eight Capital upped their price target 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. Finally, TD Securities decreased 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. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$75.44.

Cameco Stock Down 0.1 %

Shares of Cameco stock opened at C$66.20 on Thursday. Cameco has a 52-week low of C$35.65 and a 52-week high of C$72.37. The stock has a market capitalization of C$28.74 billion, a PE ratio of 79.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a 50-day simple moving average of C$61.11 and a two-hundred day simple moving average of C$59.99. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The company had revenue of C$844.00 million for the quarter. On average, analysts anticipate that Cameco will post 1.5829133 EPS for the current fiscal year.

Insider Transactions at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the business’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. In related news, Senior Officer Jonathan Huntington sold 12,333 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. Over the last ninety days, insiders sold 98,694 shares of company stock worth $6,095,228. 0.15% of the stock is currently owned by 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.