Cameco (TSE:CCO) Price Target Raised to C$78.00 at Canaccord Genuity Group

Cameco (TSE:CCO) (NYSE:CCJ) had its target price lifted by Canaccord Genuity Group from C$75.00 to C$78.00 in a report released on Tuesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on CCO. National Bank Financial raised shares of Cameco to a strong-buy rating in a research note on Tuesday, September 3rd. National Bankshares set a C$74.00 target price on Cameco and gave the stock an outperform rating in a research report on Wednesday, September 4th. TD Securities lifted their price target on Cameco from C$79.00 to C$80.00 in a report on Monday, July 22nd. CIBC boosted their price target 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. Finally, Cantor Fitzgerald raised shares of Cameco from a hold rating to a strong-buy rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of Buy and a consensus price target of C$77.50.

Cameco Price Performance

Shares of CCO opened at C$64.75 on Tuesday. The business’s 50-day moving average is C$56.94 and its 200-day moving average is C$63.59. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74. The company has a market capitalization of C$28.18 billion, a price-to-earnings ratio of 109.69, a P/E/G ratio of 2.22 and a beta of 0.88. Cameco has a fifty-two week low of C$48.45 and a fifty-two week high of C$76.66.

Cameco (TSE:CCO) (NYSE:CCJ) last released 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 company had revenue of C$598.00 million during the quarter.

Insider Activity

In other news, Senior Officer Cory John-Paul Kos acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, with a total value of C$28,115.00. In other Cameco news, Director Catherine Gignac bought 5,500 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of C$52.99 per share, with a total value of C$291,417.50. Also, Senior Officer Cory John-Paul Kos purchased 500 shares of the company’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$56.23 per share, for a total transaction of C$28,115.00. 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.