Cameco (TSE:CCO) Rating Increased to Strong-Buy at Janney Montgomery Scott

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by Janney Montgomery Scott to a “strong-buy” rating in a report released on Friday, Zacks.com reports.

Several other equities research analysts have also recently weighed in on CCO. Scotiabank reduced their price objective on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. TD Securities upped their target price on Cameco from C$79.00 to C$80.00 in a research note on Monday, July 22nd. Canaccord Genuity Group upped their target price on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, CIBC upped their target price 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. Eight investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$77.50.

Cameco Stock Down 0.4 %

Shares of Cameco stock opened at C$70.05 on Friday. Cameco has a 12-month low of C$48.71 and a 12-month high of C$76.66. 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 stock has a market capitalization of C$30.48 billion, a P/E ratio of 118.73, a PEG ratio of 2.22 and a beta of 0.88. The stock has a 50 day moving average price of C$57.18 and a two-hundred day moving average price of C$64.11.

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 the consensus estimate 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 business had revenue of C$598.00 million during the quarter. Equities analysts expect that Cameco will post 1.5181371 earnings per share for the current year.

Insiders Place Their Bets

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 stock was purchased at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. In other Cameco news, Senior Officer Cory John-Paul Kos bought 500 shares of the stock in a transaction dated Monday, August 19th. The stock was bought 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 acquired at an average price of C$52.99 per share, with a total value of C$291,417.50. Corporate 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.