Cameco (TSE:CCO) Given a C$74.00 Price Target by National Bankshares Analysts

National Bankshares set a C$74.00 target price on Cameco (TSE:CCO) (NYSE:CCJ) in a research report report published on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. CIBC boosted their price target on Cameco from C$74.00 to C$80.00 and gave the company an outperform rating in a research note on Thursday, June 20th. Cantor Fitzgerald raised Cameco from a hold rating to a strong-buy rating in a research note on Wednesday, July 31st. Scotiabank lowered their target price on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. TD Securities upped their price target on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Finally, Canaccord Genuity Group decreased their price target on Cameco from C$80.00 to C$75.00 and set a buy rating for the company in a report on Tuesday, July 30th. Eight analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has an average rating of Buy and a consensus target price of C$77.20.

Cameco Stock Performance

TSE:CCO opened at C$52.72 on Wednesday. The stock has a market cap of C$22.94 billion, a P/E ratio of 89.36, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39. The stock’s 50-day moving average is C$60.74 and its 200-day moving average is C$63.60. Cameco has a 1-year low of C$48.45 and a 1-year high of C$76.66.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.14 earnings per share for the quarter, missing the consensus estimate of C$0.39 by C($0.25). Cameco had a return on equity of 4.23% and a net margin of 9.70%. Equities research analysts anticipate that Cameco will post 0.8003892 earnings per share for the current year.

Insider Buying and Selling at Cameco

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