Cameco Co. (TSE:CCO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$176.29.

A number of research firms have commented on CCO. National Bank Financial lifted their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 6th. TD raised their price target on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Tuesday. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Desjardins boosted their price objective on shares of Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Scotia increased their price objective on shares of Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th.

Insider Transactions at Cameco

In related news, insider Alexandre Aubin sold 300 shares of the company’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 transaction, the insider directly owned 20 shares in the company, valued at C$2,970.60. This represents a 93.75% decrease in their position. 0.15% of the stock is owned by corporate insiders.

Cameco Stock Up 0.9%

Shares of TSE:CCO opened at C$128.87 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. Cameco has a 52-week low of C$95.60 and a 52-week high of C$182.72. The company has a 50 day moving average of C$147.82 and a two-hundred day moving average of C$153.19. The company has a market capitalization of C$56.13 billion, a price-to-earnings ratio of 86.49, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share (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 for the quarter.

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.