Cameco (TSE:CCO) Given New C$90.00 Price Target at TD Securities

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective decreased by TD Securities from C$91.00 to C$90.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 44.35% from the stock’s current price.

Several other research analysts also recently issued reports on CCO. National Bankshares upped their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. 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 lifted their price target on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Raymond James upped their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Finally, Royal Bank of Canada increased their price target on shares of Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price of C$85.30.

Cameco Stock Down 5.4 %

CCO traded down C$3.57 during trading on Friday, reaching C$62.35. 973,415 shares of the stock traded hands, compared to its average volume of 1,237,807. 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 cap of C$27.44 billion, a price-to-earnings ratio of 235.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock’s 50-day simple moving average is C$73.19 and its two-hundred day simple moving average is C$69.10. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18.

Insider Activity

In related news, Senior Officer Lisa Lorene Aitken sold 1,500 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$81.17, for a total value of C$121,755.00. Also, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction dated 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. 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.