Eight Capital Increases Cameco (TSE:CCO) Price Target to C$90.00

Cameco (TSE:CCO) (NYSE:CCJ) had its target price raised by equities research analysts at Eight Capital from C$80.00 to C$90.00 in a research note issued on Friday,BayStreet.CA reports. Eight Capital’s price target suggests a potential upside of 23.09% from the stock’s previous close.

Several other research firms have also issued reports on CCO. TD Securities increased their target price on shares of Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. National Bankshares lifted their target price on shares of Cameco from C$85.00 to C$87.00 in a research report on Friday. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research note on Friday, October 4th. Finally, Canaccord Genuity Group increased their price target on Cameco from C$75.00 to C$78.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Seven equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, Cameco has a consensus rating of “Buy” and an average target price of C$81.40.

Cameco Trading Down 1.5 %

Shares of Cameco stock opened at C$73.12 on Friday. The company has a market capitalization of C$31.82 billion, a P/E ratio of 123.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock has a fifty day simple moving average of C$64.76 and a 200 day simple moving average of C$65.85. Cameco has a 12-month low of C$48.71 and a 12-month high of C$81.12. The company has a current ratio of 3.22, a quick ratio of 3.74 and a debt-to-equity ratio of 25.39.

Insider Buying and Selling

In other Cameco news, Senior Officer Cory John-Paul Kos acquired 500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$56.23 per share, with a total value of C$28,115.00. In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the business’s stock in a transaction on Friday, October 4th. The stock was 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 acquired 500 shares of the company’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, for a total transaction of C$28,115.00. 0.15% of the stock is currently owned by insiders.

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.