Cameco (TSE:CCO) Stock Price Expected to Rise, National Bankshares Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by stock analysts at National Bankshares from C$85.00 to C$87.00 in a research note issued to investors on Friday,BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 18.98% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. TD Securities upped their price objective on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Scotiabank decreased their price objective on shares of Cameco from C$81.00 to C$80.00 in a report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Seven research 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, the stock has an average rating of “Buy” and an average target price of C$81.40.

Cameco Price Performance

CCO opened at C$73.12 on Friday. The company has a fifty day moving average price of C$64.76 and a two-hundred day moving average price of C$65.85. The firm has a market capitalization of C$31.82 billion, a PE ratio of 123.93, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 52 week low of C$48.71 and a 52 week high of C$81.12. The company has a debt-to-equity ratio of 25.39, a quick ratio of 3.74 and a current ratio of 3.22.

Insider Buying and Selling at Cameco

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$70.49, for a total value of C$239,666.00. Also, Senior Officer Cory John-Paul Kos acquired 500 shares of Cameco stock in a transaction dated Monday, August 19th. The shares were acquired at an average price 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.

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.