Raymond James Forecasts Strong Price Appreciation for Cameco (TSE:CCO) Stock

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by investment analysts at Raymond James from C$81.00 to C$88.00 in a research note issued to investors on Friday,BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 6.41% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday. Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Scotiabank boosted their price objective on Cameco from C$80.00 to C$86.00 in a report on Tuesday. Canaccord Genuity Group increased their target price on Cameco from C$75.00 to C$78.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, National Bankshares boosted their price target on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco has an average rating of “Buy” and an average target price of C$84.30.

Cameco Trading Down 2.8 %

Shares of Cameco stock traded down C$2.38 on Friday, hitting C$82.70. 573,650 shares of the company’s stock traded hands, compared to its average volume of 1,256,189. Cameco has a one year low of C$48.71 and a one year high of C$85.18. 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 company has a fifty day moving average of C$68.93 and a two-hundred day moving average of C$66.53. The company has a market capitalization of C$35.99 billion, a price-to-earnings ratio of 140.63, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Insider Activity at Cameco

In other Cameco news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Also, Senior Officer Sean Anthony Quinn sold 13,400 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Over the last 90 days, insiders sold 32,862 shares of company stock worth $2,635,367. 0.15% of the stock is 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.