Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$175.61

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given an average rating of “Buy” by the seventeen research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$176.36.

Several equities research analysts have recently issued reports on CCO shares. Barclays lowered their price objective on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. TD set a C$190.00 price target on shares of Cameco and gave the stock a “buy” rating in a research report on Thursday. UBS Group upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price target for the company in a research note on Monday, July 27th. Jefferies Financial Group set a C$190.00 price objective on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on shares of Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, June 29th.

Cameco Trading Up 0.6%

TSE:CCO opened at C$139.44 on Friday. Cameco has a fifty-two week low of C$103.08 and a fifty-two week high of C$182.72. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The stock has a market capitalization of C$60.73 billion, a PE ratio of 172.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. The business’s 50-day simple moving average is C$133.43 and its 200-day simple moving average is C$147.51.

Insider Activity at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider owned 20 shares of the company’s stock, valued at C$2,970.60. This trade represents a 93.75% decrease in their position. Corporate insiders own 0.15% of the company’s stock.

About Cameco

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.