Cameco (TSE:CCO) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its target price upped by equities researchers at Royal Bank of Canada from C$75.00 to C$90.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 7.13% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. National Bankshares boosted their target price on shares of Cameco from C$85.00 to C$87.00 in a report on Friday, November 8th. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Eight Capital boosted their target price on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. Finally, Scotiabank boosted their target price on shares of Cameco from C$80.00 to C$86.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$84.30.

Cameco Stock Down 1.3 %

Shares of TSE CCO opened at C$84.01 on Thursday. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. Cameco has a 52 week low of C$48.71 and a 52 week high of C$85.18. The firm’s fifty day moving average is C$69.61 and its 200 day moving average is C$66.65. The company has a market cap of C$36.56 billion, a price-to-earnings ratio of 142.39, a PEG ratio of 2.22 and a beta of 0.90.

Insider Buying and Selling at Cameco

In other news, Senior Officer Sean Anthony Quinn sold 13,400 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$83.63, for a total transaction of C$1,120,642.00. Also, 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. In the last 90 days, insiders have sold 32,862 shares of company stock worth $2,635,367. 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.