Cameco (TSE:CCO) Sets New 1-Year High at $69.64

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ shares hit a new 52-week high during trading on Thursday . The company traded as high as C$69.64 and last traded at C$69.36, with a volume of 862715 shares traded. The stock had previously closed at C$67.23.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCO. Eight Capital increased their price target on shares of Cameco from C$70.00 to C$80.00 and gave the stock a "buy" rating in a report on Monday, January 15th. Raymond James increased their price objective on shares of Cameco from C$71.00 to C$74.00 and gave the stock an "outperform" rating in a research note on Friday, January 12th. Bank of America boosted their target price on shares of Cameco from C$76.00 to C$80.00 in a research report on Tuesday. TD Securities cut their price target on Cameco from C$82.00 to C$79.00 and set an "action list buy" rating on the stock in a research report on Monday, February 12th. Finally, Scotiabank boosted their price objective on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of C$72.44.

Cameco Stock Performance

The company has a debt-to-equity ratio of 32.27, a quick ratio of 3.74 and a current ratio of 1.55. The firm has a market capitalization of C$29.97 billion, a PE ratio of 83.17, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94. The firm's 50 day moving average price is C$59.01 and its 200-day moving average price is C$58.44.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.28 by C($0.07). Cameco had a return on equity of 6.05% and a net margin of 13.94%. The business had revenue of C$844.00 million for the quarter. On average, research analysts expect that Cameco Co. will post 1.6943044 EPS for the current year.

Insider Activity at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total transaction of C$816,899.10. In other Cameco news, Senior Officer Sean Anthony Quinn sold 50,000 shares of Cameco stock in a transaction on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total transaction of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total transaction of C$816,899.10. In the last quarter, insiders have sold 98,694 shares of company stock valued at $6,095,228. 0.15% of the stock is owned by company insiders.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.