Cameco Co. (TSE:CCO) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Cameco has a consensus “Buy” rating from 16 analysts: 12 rate it a buy, two a strong buy, and two a hold. The average 12-month price target is C$175.61.
• Several research firms recently raised their targets, including Canaccord Genuity to C$195, TD to C$190, Scotia and RBC to C$175, while Truist upgraded the stock to “strong buy.”
• Cameco shares opened at C$139.11 after a reported 5.6% decline, well below the average analyst target; an insider also sold 300 shares, reducing their personal stake by 93.75%.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been assigned an average recommendation of "Buy" from the sixteen ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$175.61.

A number of research firms have issued reports on CCO. Canaccord Genuity Group raised their price target on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Scotia upped their price objective on shares of Cameco from C$150.00 to C$175.00 and gave the company a "sector outperform" rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on shares of Cameco from C$160.00 to C$175.00 and gave the stock an "outperform" rating in a research note on Monday, June 29th. Truist Financial raised shares of Cameco to a "strong-buy" rating in a report on Monday, July 13th. Finally, TD boosted their target price on shares of Cameco from C$185.00 to C$190.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th.

Cameco Trading Down 5.6%

Shares of TSE:CCO opened at C$139.11 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. Cameco has a 52-week low of C$101.31 and a 52-week high of C$182.72. The stock has a market cap of C$60.59 billion, a price-to-earnings ratio of 171.74, a PEG ratio of 2.22 and a beta of 0.78. The business has a 50-day moving average price of C$134.85 and a 200-day moving average price of C$148.31.

Insider Buying and Selling at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of Cameco 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 transaction, the insider 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.

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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