Analysts Set Cameco Co. (TSE:CCO) PT at C$175.61

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average recommendation of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$175.61.

CCO has been the subject of several research reports. Truist Financial upgraded Cameco to a “strong-buy” rating in a research note on Monday, July 13th. Barclays cut their target price on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. Canaccord Genuity Group upped their price target on shares of Cameco from C$185.00 to C$195.00 in a research note on Wednesday, May 6th. National Bank Financial lifted their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Desjardins boosted 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.

Cameco Stock Down 0.1%

CCO opened at C$135.66 on Tuesday. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The stock has a market cap of C$59.08 billion, a price-to-earnings ratio of 167.48, a PEG ratio of 2.22 and a beta of 0.78. Cameco has a twelve month low of C$95.60 and a twelve month high of C$182.72. The company’s 50-day moving average price is C$137.47 and its two-hundred day moving average price is C$150.92.

Insiders Place Their Bets

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

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.