Cameco Co. (TSE:CCO) Given Average Recommendation of “Buy” by Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average rating of “Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$73.33.

A number of brokerages have recently weighed in on CCO. TD Securities dropped their price objective on Cameco from C$82.00 to C$79.00 and set an “action list buy” rating for the company in a research note on Monday, February 12th. Raymond James lifted their price objective on Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. CIBC lifted their price objective on Cameco from C$72.00 to C$74.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Scotiabank lifted their price objective on Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Finally, Eight Capital boosted their target price on Cameco from C$70.00 to C$80.00 and gave the stock a “buy” rating in a research note on Monday, January 15th.

Cameco Price Performance

TSE:CCO opened at C$62.81 on Wednesday. Cameco has a 52 week low of C$35.65 and a 52 week high of C$72.37. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. The company has a market capitalization of C$27.27 billion, a P/E ratio of 75.67, a P/E/G ratio of 2.22 and a beta of 0.94. The stock’s fifty day moving average is C$60.73 and its two-hundred day moving average is C$59.92.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The firm had revenue of C$844.00 million during the quarter. Equities analysts expect that Cameco will post 1.5829133 EPS for the current year.

Insider Transactions at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total value of C$675,478.41. In the last ninety days, insiders sold 98,694 shares of company stock valued at $6,095,228. 0.15% of the stock is currently owned by corporate insiders.

About Cameco

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.