Cameco (TSE:CCO) Trading 5.8% Higher

Cameco Co. (TSE:CCO) (NYSE:CCJ)’s stock price was up 5.8% on Friday . The company traded as high as C$60.25 and last traded at C$58.94. Approximately 3,572,686 shares changed hands during mid-day trading, an increase of 185% from the average daily volume of 1,253,747 shares. The stock had previously closed at C$55.70.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCO. CIBC upped their price target on shares of Cameco from C$74.00 to C$80.00 and gave the stock 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 report on Wednesday, July 31st. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Canaccord Genuity Group reduced their price target on shares of Cameco from C$80.00 to C$75.00 and set a “buy” rating for the company in a report on Tuesday, July 30th. Finally, Scotiabank cut their target price on Cameco from C$81.00 to C$80.00 in a research note on Monday, August 19th. Eight investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$77.20.

Cameco Trading Up 8.1 %

The firm has a market capitalization of C$26.21 billion, a price-to-earnings ratio of 101.58, a PEG ratio of 2.22 and a beta of 0.88. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22. The company has a 50-day moving average price of C$57.69 and a 200-day moving average price of C$63.42.

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

Insider Activity

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