Raymond James Raises Cameco (TSE:CCO) Price Target to C$88.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective hoisted by equities researchers at Raymond James from C$81.00 to C$88.00 in a report released on Friday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 4.75% from the company’s previous close. Raymond James also issued estimates for Cameco’s Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

Other analysts have also issued reports about the stock. Scotiabank increased their price objective on shares of Cameco from C$80.00 to C$86.00 in a research report on Tuesday, November 19th. Royal Bank of Canada increased their price target on Cameco from C$75.00 to C$90.00 in a report on Thursday. National Bankshares boosted their price objective on Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Eight Capital boosted their target price on shares of Cameco from C$80.00 to C$90.00 in a research note on Friday, November 8th. Seven analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$84.30.

Cameco Trading Down 1.3 %

CCO stock opened at C$84.01 on Friday. Cameco has a twelve month low of C$48.71 and a twelve month high of C$85.18. The stock has a market capitalization of C$36.56 billion, a price-to-earnings ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm’s fifty day simple moving average is C$69.61 and its two-hundred day simple moving average is C$66.65.

Insider Transactions at Cameco

In related news, Senior Officer Brian Arthur Reilly sold 14,062 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total value of C$1,124,678.76. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total value of C$150,380.00. In the last quarter, insiders sold 32,862 shares of company stock valued at $2,635,367. Company insiders own 0.15% of the company’s stock.

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.