Analysts Set Cameco Co. (TSE:CCO) PT at C$85.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$85.30.

CCO has been the topic of a number of recent research reports. TD Securities lowered their target price on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, February 21st. BMO Capital Markets increased their target price on Cameco from C$78.00 to C$84.00 in a report on Friday, November 8th. Eight Capital increased their target price on Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Royal Bank of Canada increased their target price on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Finally, Raymond James increased their target price on Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd.

Cameco Trading Down 6.4 %

Cameco stock opened at C$59.65 on Tuesday. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The business’s fifty day moving average is C$71.24 and its 200 day moving average is C$69.35. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The stock has a market capitalization of C$26.25 billion, a PE ratio of 225.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Insider Transactions at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Corporate insiders own 0.15% of the company’s stock.

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.