Analysts Set Cameco Co. (TSE:CCO) PT at C$175.43

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$176.17.

CCO has been the subject of several recent analyst reports. William Blair upgraded Cameco to a “strong-buy” rating in a research note on Monday, April 20th. Scotia lifted their target price on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group upped their price target on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. TD Securities cut Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Finally, Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Monday.

Cameco Stock Performance

Cameco stock opened at C$122.71 on Friday. Cameco has a twelve month low of C$95.60 and a twelve month high of C$182.72. The company has a market capitalization of C$53.44 billion, a P/E ratio of 82.36, a PEG ratio of 2.22 and a beta of 0.81. The stock’s 50 day moving average is C$146.20 and its 200 day moving average is C$153.16. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11.

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

Insider Activity at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of Cameco stock in a transaction on 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 completion of the transaction, the insider directly owned 20 shares of the company’s stock, valued at C$2,970.60. This trade represents a 93.75% decrease in their position. 0.15% of the stock is owned by insiders.

About Cameco

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.