Cameco (TSE:CCO) PT Lowered to C$79.00

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) had its price target decreased by analysts at TD Securities from C$82.00 to C$79.00 in a research report issued to clients and investors on Monday, BayStreet.CA reports. The firm currently has an “action list buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 34.93% from the company’s current price.

Several other research firms also recently weighed in on CCO. Canaccord Genuity Group boosted their price target on Cameco from C$67.00 to C$72.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Eight Capital boosted their price target on Cameco from C$70.00 to C$80.00 and gave the company a “buy” rating in a research note on Monday, January 15th. Scotiabank boosted their price objective on Cameco from C$70.00 to C$71.00 in a report on Friday. CIBC boosted their price objective on Cameco from C$68.50 to C$72.00 in a report on Thursday, December 14th. Finally, Raymond James boosted their price objective on Cameco from C$71.00 to C$74.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$69.11.

Check Out Our Latest Stock Analysis on CCO

Cameco Stock Down 1.2 %

Shares of CCO traded down C$0.72 during trading hours on Monday, hitting C$58.55. The company had a trading volume of 989,003 shares, compared to its average volume of 1,363,448. Cameco has a one year low of C$32.65 and a one year high of C$69.18. The company’s fifty day moving average price is C$61.28 and its two-hundred day moving average price is C$55.69. The company has a current ratio of 3.85, a quick ratio of 3.74 and a debt-to-equity ratio of 18.46. The company has a market capitalization of C$25.40 billion, a PE ratio of 96.02, a price-to-earnings-growth ratio of 2.22 and a beta of 0.91.

Insider Buying and Selling at Cameco

In other news, Senior Officer Dale Robert Clark sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$60.36, for a total value of C$603,600.00. In related news, Senior Officer Dale Robert Clark sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of C$60.36, for a total value of C$603,600.00. Also, Senior Officer Scott Mchardy sold 23,880 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$61.50, for a total value of C$1,468,620.00. Insiders sold 61,280 shares of company stock valued at $3,776,798 over the last quarter. 0.13% of the stock is currently owned by insiders.

About Cameco

(Get Free Report)

Cameco Corporation provides uranium for the generation of electricity. It operates through two segments, Uranium and Fuel Services. 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.

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Analyst Recommendations for Cameco (TSE:CCO)

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