Cameco (TSE:CCO) Upgraded to Buy at UBS Group

UBS Group upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) from a neutral rating to a buy rating in a report published on Monday morning,BayStreet.CA reports. The firm currently has C$166.00 price objective on the stock.

A number of other research firms have also recently weighed in on CCO. Royal Bank Of Canada lifted their price target on Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Truist Financial upgraded Cameco to a “strong-buy” rating in a research report on Monday, July 13th. William Blair raised Cameco to a “strong-buy” rating in a research note on Monday, April 20th. National Bank Financial boosted their price target on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group raised their price target on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$175.61.

Cameco Stock Up 1.8%

CCO stock opened at C$126.05 on Monday. The stock has a market cap of C$54.90 billion, a PE ratio of 84.60, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. The firm’s 50-day simple moving average is C$141.69 and its 200 day simple moving average is C$152.80. Cameco has a fifty-two week low of C$95.60 and a fifty-two week high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11.

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

Insider Buying and Selling

In other Cameco news, insider Alexandre Aubin sold 300 shares of the company’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 sale, the insider directly owned 20 shares in the company, valued at C$2,970.60. This represents a 93.75% decrease in their ownership of the stock. 0.15% of the stock is currently owned by insiders.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.