Cameco Co. (TSE:CCO) Given Average Rating of "Buy" by Analysts

Key Points

• Analysts broadly favor Cameco: Fifteen research firms give the stock an average “Buy” rating, with an average 12-month price target of C$179.11 versus its reported opening price of C$133.27.
• Recent broker actions were mostly positive, including upgrades from UBS Group and Truist Financial, while Jefferies and TD set C$190 price targets.
• An insider sold 300 shares for approximately C$44,559, reducing their direct ownership by 93.75%; corporate insiders own 0.15% of Cameco’s stock.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been given an average recommendation of "Buy" by the fifteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$179.11.

A number of equities analysts recently commented on the stock. Jefferies Financial Group set a C$190.00 target price on shares of Cameco and gave the stock a "buy" rating in a research report on Thursday, September 3rd. UBS Group raised Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price objective on the stock in a research note on Monday, July 27th. TD set a C$190.00 target price on Cameco and gave the company a "buy" rating in a research note on Thursday, September 3rd. Royal Bank Of Canada increased their target price on Cameco from C$160.00 to C$175.00 and gave the company an "outperform" rating in a report on Monday, June 29th. Finally, Truist Financial upgraded Cameco to a "strong-buy" rating in a research report on Monday, July 13th.

Insider Buying and Selling

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 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 represents a 93.75% decrease in their ownership of the stock. 0.15% of the stock is owned by corporate insiders.

Cameco Stock Performance

TSE:CCO opened at C$133.27 on Wednesday. The company has a market capitalization of C$58.04 billion, a price-to-earnings ratio of 164.53, a PEG ratio of 2.22 and a beta of 0.94. The business has a 50 day moving average of C$132.35 and a 200 day moving average of C$144.92. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. Cameco has a 1-year low of C$109.89 and a 1-year high of C$182.72.

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.

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