Cameco (TSE:CCO) Price Target Raised to C$85.00 at National Bankshares

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by National Bankshares from C$74.00 to C$85.00 in a report issued on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also recently commented on the company. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Canaccord Genuity Group upped their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. TD Securities boosted their price objective on Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. Finally, National Bank Financial upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$78.60.

Cameco Stock Performance

The company has a market cap of C$32.48 billion, a PE ratio of 126.49, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a twelve month low of C$48.71 and a twelve month high of C$81.12. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The stock’s fifty day moving average price is C$60.74 and its 200-day moving average price is C$65.29.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). The firm had revenue of C$598.00 million for the quarter. Cameco had a return on equity of 4.23% and a net margin of 9.70%.

Insiders Place Their Bets

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Cory John-Paul Kos acquired 500 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. 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.