Cameco (TSE:CCO) Given New C$75.00 Price Target at Royal Bank of Canada

Cameco (TSE:CCO) (NYSE:CCJ) had its price target upped by stock analysts at Royal Bank of Canada from C$70.00 to C$75.00 in a research report issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 13.69% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Eight Capital increased their price objective on shares of Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a report on Monday, January 15th. Scotiabank raised their price objective on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. CIBC boosted their price objective on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Raymond James lifted their target price on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Finally, Bank of America raised their target price on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of C$75.44.

Cameco Price Performance

Shares of TSE CCO traded up C$1.41 during mid-day trading on Thursday, reaching C$65.97. The company’s stock had a trading volume of 591,344 shares, compared to its average volume of 1,394,641. The company has a debt-to-equity ratio of 32.27, a current ratio of 1.55 and a quick ratio of 3.74. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The stock has a fifty day moving average of C$60.89 and a two-hundred day moving average of C$59.95. The firm has a market capitalization of C$28.64 billion, a PE ratio of 79.54, a P/E/G ratio of 2.22 and a beta of 0.94.

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

Insider Transactions at Cameco

In related news, Senior Officer Jonathan Huntington sold 12,333 shares of Cameco stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. In the last quarter, insiders sold 98,694 shares of company stock valued at $6,095,228. Company insiders own 0.15% of the company’s stock.

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.