Cameco (TSE:CCO) Given New C$190.00 Price Target at TD

Cameco (TSE:CCO) (NYSE:CCJ) had its price objective boosted by equities research analysts at TD from C$185.00 to C$190.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD’s price target would indicate a potential upside of 47.63% from the stock’s current price.

CCO has been the subject of a number of other reports. Scotia boosted their price target on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group increased their price objective on shares of Cameco from C$185.00 to C$195.00 in a research note on Wednesday, May 6th. William Blair upgraded shares of Cameco to a “strong-buy” rating in a research report on Monday, April 20th. Desjardins upped their target price on shares of Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada lifted their price target on shares of Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Cameco presently has an average rating of “Moderate Buy” and an average price target of C$176.29.

Cameco Stock Performance

Shares of CCO stock traded up C$1.03 on Tuesday, reaching C$128.70. The stock had a trading volume of 567,263 shares, compared to its average volume of 1,008,317. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. Cameco has a 1 year low of C$95.60 and a 1 year high of C$182.72. The stock has a market cap of C$56.05 billion, a P/E ratio of 86.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. The company has a 50 day simple moving average of C$148.36 and a 200 day simple moving average of C$153.18.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.The company had revenue of C$845.37 million during the quarter.

Insider Buying and Selling at Cameco

In other news, insider Alexandre Aubin sold 300 shares of Cameco stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the transaction, the insider directly owned 20 shares of the company’s stock, valued at C$2,970.60. The trade was a 93.75% decrease in their position. 0.15% of the stock is currently owned by insiders.

About Cameco

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.