Cameco Co. (TSE:CCO) Receives C$175.61 Consensus Target Price from Brokerages

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

CCO has been the topic of a number of recent research reports. Truist Financial raised Cameco to a “strong-buy” rating in a report on Monday, July 13th. Scotia upped their price target on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Desjardins increased their price target on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. William Blair upgraded shares of Cameco to a “strong-buy” rating in a report on Monday, April 20th. Finally, UBS Group upgraded Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a report on Monday, July 27th.

Insiders Place Their Bets

In other Cameco news, insider Alexandre Aubin sold 300 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total value of C$44,559.00. Following the completion of the sale, the insider owned 20 shares in the company, valued at approximately C$2,970.60. The trade was a 93.75% decrease in their ownership of the stock. Insiders own 0.15% of the company’s stock.

Cameco Price Performance

Cameco stock opened at C$135.86 on Tuesday. Cameco has a one year low of C$95.60 and a one year high of C$182.72. The business has a fifty day moving average price of C$137.87 and a 200-day moving average price of C$151.18. 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 firm has a market capitalization of C$59.17 billion, a P/E ratio of 167.73, a PEG ratio of 2.22 and a beta of 0.78.

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.