Cameco (TSE:CCO) Given a C$190.00 Price Target by TD Analysts

Key Points

• TD assigned Cameco a C$190 price target and Buy rating, implying approximately 37.5% upside from the stock’s reported C$138.18 price.
• Analyst sentiment is broadly positive: Cameco has an average “Buy” rating and a consensus target of C$176.36, with several brokerages recently raising their price targets.
• Cameco shares rose 3.5% during Thursday trading, while the company reported a C$60.18 billion market capitalization and a 12-month trading range of C$103.08 to C$182.72.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ has been assigned a C$190.00 price objective by investment analysts at TD in a report issued on Thursday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. TD's price target indicates a potential upside of 37.50% from the company's current price.

A number of other analysts also recently weighed in on the company. Scotia increased their price objective on Cameco from C$150.00 to C$175.00 and gave the company a "sector outperform" rating in a report on Wednesday, May 6th. Canaccord Genuity Group lifted their target price on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Royal Bank Of Canada upped their price target on Cameco from C$160.00 to C$175.00 and gave the company an "outperform" rating in a research report on Monday, June 29th. Truist Financial raised Cameco to a "strong-buy" rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group set a C$190.00 price objective on Cameco and gave the stock a "buy" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$176.36.

Cameco Trading Up 3.5%

Shares of CCO stock traded up C$4.72 during trading hours on Thursday, hitting C$138.18. 508,110 shares of the company's stock traded hands, compared to its average volume of 1,006,749. The stock's 50 day simple moving average is C$133.76 and its 200 day simple moving average is C$147.67. The stock has a market cap of C$60.18 billion, a PE ratio of 170.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78. Cameco has a 12 month low of C$103.08 and a 12 month high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14.

Insiders Place Their Bets

In other Cameco news, insider Alexandre Aubin sold 300 shares of the 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 completion of the sale, the insider directly owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their position. Insiders own 0.15% of the company's stock.

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.

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