Canaccord Genuity Group Increases Cameco (TSE:CCO) Price Target to C$78.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by equities research analysts at Canaccord Genuity Group from C$75.00 to C$78.00 in a research report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 24.46% from the company’s current price.

Several other equities research analysts also recently commented on the stock. CIBC upped their target price on shares of Cameco from C$74.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. TD Securities upped their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Scotiabank reduced their price objective on shares of Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, National Bankshares set a C$74.00 price target on Cameco and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Eight research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$77.50.

Cameco Stock Performance

Shares of CCO stock traded up C$0.51 during trading on Tuesday, reaching C$62.67. The company had a trading volume of 687,162 shares, compared to its average volume of 1,281,631. The firm’s 50 day simple moving average is C$57.23 and its two-hundred day simple moving average is C$63.49. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. Cameco has a one year low of C$48.45 and a one year high of C$76.66. The company has a market capitalization of C$27.27 billion, a PE ratio of 106.36, a PEG ratio of 2.22 and a beta of 0.88.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Wednesday, July 31st. The company reported C$0.14 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. The business had revenue of C$598.00 million during the quarter.

Insider Buying and Selling at Cameco

In other news, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were bought at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. In related news, Senior Officer Cory John-Paul Kos acquired 500 shares of the company’s stock in a transaction on Monday, August 19th. The shares were acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. Also, Director Catherine Gignac bought 5,500 shares of the stock in a transaction dated Friday, August 2nd. The stock was purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. 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.