CIBC Increases Cameco (TSE:CCO) Price Target to C$74.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective boosted by equities researchers at CIBC from C$72.00 to C$74.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 10.99% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Raymond James increased their target price on Cameco from C$71.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Bank of America increased their target price on Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Canaccord Genuity Group increased their target price on Cameco from C$67.00 to C$72.00 and gave the stock a “buy” rating in a research report on Wednesday, December 20th. TD Securities cut their target price on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a research report on Monday, February 12th. Finally, Eight Capital raised 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. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of C$72.67.

Cameco Stock Performance

CCO stock traded up C$0.10 during trading on Wednesday, reaching C$66.67. The stock had a trading volume of 666,853 shares, compared to its average volume of 1,443,875. Cameco has a 52 week low of C$33.83 and a 52 week high of C$72.37. The stock’s 50 day moving average is C$59.16 and its two-hundred day moving average is C$58.82. The company has a current ratio of 1.55, a quick ratio of 3.74 and a debt-to-equity ratio of 32.27. The firm has a market cap of C$28.95 billion, a PE ratio of 80.33, a PEG ratio of 2.22 and a beta of 0.94.

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

Insider Buying and Selling at Cameco

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Over the last ninety days, insiders sold 98,694 shares of company stock worth $6,095,228. 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.