Cameco (TSE:CCO) Stock Rating Upgraded by UBS Group

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by investment analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Monday,BayStreet.CA reports. The brokerage currently has a C$166.00 price objective on the stock. UBS Group’s price target would suggest a potential upside of 32.82% from the stock’s previous close.

Several other research analysts have also recently issued reports on CCO. TD raised their target price on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Canaccord Genuity Group boosted their price objective on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Scotia increased their target price on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Desjardins upped their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$175.61.

Cameco Trading Up 0.9%

Shares of TSE CCO traded up C$1.11 during midday trading on Monday, reaching C$124.98. The company had a trading volume of 512,942 shares, compared to its average volume of 1,019,219. Cameco has a one year low of C$95.60 and a one year high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. The firm’s fifty day moving average price is C$142.13 and its 200-day moving average price is C$152.91. The stock has a market cap of C$54.43 billion, a PE ratio of 83.88, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81.

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

Insider Activity

In other news, insider Alexandre Aubin sold 300 shares of Cameco stock in a transaction dated Thursday, June 25th. The stock was 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 owned 20 shares of the company’s stock, valued at C$2,970.60. The trade was a 93.75% decrease in their position. 0.15% of the stock is currently owned by corporate insiders.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.