Cameco Co. (TSE:CCO) receives average PT of $77.56 from analysts

Cameco Co. (TSE:CCO – Get Your Free Report ) (NYSE:CCJ) has been assigned a consensus recommendation of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $77.20.

Several research analysts recently weighed in on the company. Canaccord Genuity Group lowered their price objective on Cameco from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. TD Securities upped their target price on Cameco from $79.00 to $80.00 in a report on Monday, July 22nd. CIBC boosted their price objective on shares of Cameco from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, June 20th. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, National Bankshares set a $74.00 target price on shares of Cameco and gave the company an “outperform” rating in a research report on Wednesday.

Get the latest research report on CCO

Internal activity at Cameco

In related news, Director Catherine Gignac purchased 5,500 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of $52.99 per share, with a total value of $291,417.50. In related news, Director Catherine Gignac acquired 5,500 shares of Cameco stock in a transaction on Friday, August 2nd. The shares were bought at an average price of $52.99 per share, with a total value of $291,417.50. Also, COO Brian Arthur Reilly sold 28,125 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $71.27, for a total value of $2,004,468.75. Company insiders hold 0.15% of the company’s shares.

Cameco trading down 2.4%

Shares of CCO stock opened at $51.46 on Tuesday. Cameco has a 12-month low of $48.45 and a 12-month high of $76.66. The stock has a market cap of $22.39 billion, a price-to-earnings ratio of 87.22, a PEG ratio of 2.22 and a beta of 0.88. The company’s 50-day moving average price is $60.35 and its 200-day moving average price is $63.56. The company has a current ratio of 3.22, a quick ratio of 3.74, and a debt-to-equity ratio of 25.39.

Cameco (TSE:CCO – Get Your Free Report ) (NYSE:CCJ) last posted its earnings results on Wednesday, July 31st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. As a group, equities analysts predict that Cameco will post 1.3534982 earnings per share for the current year.

About Cameco

(Get a free report

Cameco Corporation supplies uranium for electricity generation. It operates through the Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration, mining and milling, buying and selling of uranium concentrate. The Fuel Services segment engages in the refining, conversion and manufacture of uranium concentrate, as well as the purchase and sale of conversion services.

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