CIBC Increases Cameco (TSE:CCO) Price Target to C$74.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price increased by equities research analysts at CIBC from C$72.00 to C$74.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 11.55% from the company’s current price.

Other research analysts also recently issued research reports about the stock. TD Securities dropped their target price on shares of Cameco from C$82.00 to C$79.00 and set an “action list buy” rating on the stock in a research note on Monday, February 12th. Scotiabank upped their target price on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Raymond James increased their price objective on shares of Cameco from C$71.00 to C$74.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Canaccord Genuity Group increased their price objective on shares of Cameco from C$67.00 to C$72.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Finally, Bank of America increased their price objective on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday, April 9th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of “Buy” and an average target price of C$72.67.

Cameco Price Performance

Shares of CCO opened at C$66.34 on Wednesday. The stock has a market cap of C$28.81 billion, a PE ratio of 79.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. Cameco has a fifty-two week low of C$33.83 and a fifty-two week high of C$72.37. The firm’s 50-day simple moving average is C$59.32 and its two-hundred day simple moving average is C$58.93.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.28 by C($0.07). The firm had revenue of C$844.00 million during the quarter. Cameco had a return on equity of 6.05% and a net margin of 13.94%. Analysts anticipate that Cameco will post 1.6943044 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 21,546 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. Over the last ninety days, insiders have sold 98,694 shares of company stock worth $6,095,228. Company 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.