National Bankshares Analysts Give Cameco (TSE:CCO) a C$74.00 Price Target

National Bankshares set a C$74.00 price objective on Cameco (TSE:CCO) (NYSE:CCJ) in a research note released on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts also recently issued reports on CCO. TD Securities upped their price target on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. CIBC upped their price target on shares of Cameco from C$74.00 to C$80.00 and gave the stock an outperform rating in a report on Thursday, June 20th. Scotiabank reduced their price objective on shares of Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. Cantor Fitzgerald raised shares of Cameco from a hold rating to a strong-buy rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group reduced their price objective on shares of Cameco from C$80.00 to C$75.00 and set a buy rating on the stock in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Buy and an average price target of C$77.20.

Cameco Trading Down 2.6 %

Shares of CCO stock opened at C$50.14 on Wednesday. Cameco has a 1 year low of C$48.45 and a 1 year high of C$76.66. The stock has a market cap of C$21.82 billion, a P/E ratio of 84.98, a price-to-earnings-growth ratio of 2.22 and a beta of 0.88. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The stock has a 50 day simple moving average of C$60.01 and a 200 day simple moving average of C$63.47.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a net margin of 9.70% and a return on equity of 4.23%. On average, research analysts predict that Cameco will post 1.3534982 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average price of C$56.23 per share, for a total transaction of C$28,115.00. In related news, Senior Officer Cory John-Paul Kos purchased 500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of C$56.23 per share, for a total transaction of C$28,115.00. Also, Senior Officer Brian Arthur Reilly sold 28,125 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$71.27, for a total transaction of C$2,004,468.75. 0.15% of the stock is currently owned by company insiders.

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.