BMO Capital Markets Boosts Cameco (TSE:CCO) Price Target to C$84.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective raised by equities research analysts at BMO Capital Markets from C$78.00 to C$84.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 14.88% from the stock’s previous close.

CCO has been the subject of a number of other reports. Eight Capital upped their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday. Cantor Fitzgerald upgraded Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 31st. Scotiabank lowered their price objective on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. National Bankshares increased their target price on Cameco from C$85.00 to C$87.00 in a research report on Friday. Finally, Janney Montgomery Scott raised Cameco to a “strong-buy” rating in a report on Friday, October 4th. Seven investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of C$81.40.

Cameco Price Performance

Shares of Cameco stock opened at C$73.12 on Friday. The stock has a market cap of C$31.82 billion, a P/E ratio of 123.93, a P/E/G ratio of 2.22 and a beta of 0.90. 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 stock’s fifty day moving average is C$64.76 and its 200 day moving average is C$65.85. Cameco has a one year low of C$48.71 and a one year high of C$81.12.

Insider Transactions at Cameco

In other Cameco 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 stock was purchased at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of C$56.23 per share, with a total value 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.