Janney Montgomery Scott upgraded shares of Cameco (TSE:CCO – Free Report) (NYSE:CCJ) to a strong-buy rating in a research note released on Friday, Zacks.com reports.
CCO has been the topic of a number of other research reports. CIBC lifted their price target on Cameco from C$74.00 to C$80.00 and gave the stock an outperform rating in a research report on Thursday, June 20th. Scotiabank cut their target price on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Canaccord Genuity Group increased their price target on shares of Cameco from C$75.00 to C$78.00 and gave the stock a buy rating in a research note on Tuesday, September 24th. National Bank Financial upgraded shares of Cameco to a strong-buy rating in a research note on Tuesday, September 3rd. Finally, National Bankshares set a C$74.00 target price on shares of Cameco and gave the company an outperform rating in a report on Wednesday, September 4th. Eight research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of C$77.50.
View Our Latest Research Report on Cameco
Cameco Stock Down 0.4 %
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). The company had revenue of C$598.00 million during the quarter. Cameco had a net margin of 9.70% and a return on equity of 4.23%. Research analysts expect that Cameco will post 1.5181371 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Catherine Gignac purchased 5,500 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of C$52.99 per share, with a total value of C$291,417.50. In other Cameco news, Director Catherine Gignac bought 5,500 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of C$52.99 per share, for a total transaction of C$291,417.50. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the stock in a transaction dated Monday, August 19th. The stock was acquired at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 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.
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