Cameco (TSE:CCO) Given New C$147.00 Price Target at Barclays

Cameco (TSE:CCO) (NYSE:CCJ) had its target price decreased by Barclays from C$149.00 to C$147.00 in a research report issued on Thursday,BayStreet.CA reports. Barclays‘s price objective indicates a potential upside of 20.27% from the company’s current price.

Several other research analysts have also issued reports on the company. TD raised their price target on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Tuesday. Desjardins upped their price target on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group lifted their price objective on shares of Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. National Bank Financial boosted their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Finally, William Blair raised shares of Cameco to a “strong-buy” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average price target of C$176.17.

Cameco Trading Down 4.3%

CCO stock traded down C$5.46 during mid-day trading on Thursday, reaching C$122.23. 717,393 shares of the stock traded hands, compared to its average volume of 1,006,850. Cameco has a 52-week low of C$95.60 and a 52-week high of C$182.72. The stock’s fifty day moving average is C$146.99 and its 200-day moving average is C$153.19. The company has a current ratio of 3.08, a quick ratio of 3.74 and a debt-to-equity ratio of 14.11. The company has a market cap of C$53.24 billion, a P/E ratio of 82.03, a P/E/G ratio of 2.22 and a beta of 0.81.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. The business had revenue of C$845.37 million for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%.

Insider Buying and Selling

In related news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total value of C$44,559.00. Following the transaction, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position. 0.15% of the stock is currently owned by company insiders.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.