Cameco (TSE:CCO) Price Target Raised to C$190.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by TD from C$185.00 to C$190.00 in a report issued on Tuesday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on CCO. William Blair raised shares of Cameco to a “strong-buy” rating in a research note on Monday, April 20th. Scotia boosted their price objective on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Royal Bank Of Canada increased their target price on shares of Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Finally, Canaccord Genuity Group raised their target price on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of C$176.17.

Cameco Stock Down 3.9%

CCO stock opened at C$122.71 on Tuesday. The company has a debt-to-equity ratio of 14.11, a current ratio of 3.08 and a quick ratio of 3.74. The stock has a market capitalization of C$53.44 billion, a P/E ratio of 82.36, a P/E/G ratio of 2.22 and a beta of 0.81. The business has a 50-day moving average of C$146.20 and a 200-day moving average of C$153.16. Cameco has a fifty-two week low of C$95.60 and a fifty-two week high of C$182.72.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. The business had revenue of C$845.37 million for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

Insider Buying and Selling

In other Cameco news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total value of C$44,559.00. Following the completion of the transaction, the insider directly owned 20 shares in the company, valued at C$2,970.60. This trade represents a 93.75% decrease in their ownership of the stock. Company insiders own 0.15% of the company’s stock.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.