Cameco (TSE:CCO) Hits New 1-Year High at $72.50

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$72.50 and last traded at C$70.76, with a volume of 186336 shares trading hands. The stock had previously closed at C$71.43.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCO. Bank of America raised their price objective on shares of Cameco from C$76.00 to C$80.00 in a research note on Tuesday, April 9th. Royal Bank of Canada lifted their price objective on shares of Cameco from C$70.00 to C$75.00 and gave the company an "outperform" rating in a research note on Thursday, May 2nd. CIBC upped their target price on Cameco from C$72.00 to C$74.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 17th. Eight Capital boosted their target price on shares of Cameco from C$70.00 to C$80.00 and gave the stock a "buy" rating in a research report on Monday, January 15th. Finally, Raymond James increased their price objective on Cameco from C$74.00 to C$80.00 in a research report on Tuesday, April 23rd. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$75.44.

Cameco Stock Performance

The company has a market capitalization of C$30.22 billion, a P/E ratio of 83.86, a PEG ratio of 2.22 and a beta of 0.94. The company has a quick ratio of 3.74, a current ratio of 1.55 and a debt-to-equity ratio of 32.27. The stock has a fifty day simple moving average of C$62.53 and a 200-day simple moving average of C$60.62.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.21 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of C$844.00 million for the quarter. Equities analysts forecast that Cameco Co. will post 1.5829133 EPS for the current year.

Insider Buying and Selling

In other Cameco news, Senior Officer Tim Scott Gitzel sold 14,815 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$55.14, for a total value of C$816,899.10. In related news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of C$63.25, for a total value of C$3,162,500.00. Also, Senior Officer Tim Scott Gitzel sold 14,815 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of C$55.14, for a total value of C$816,899.10. Insiders have sold a total of 198,694 shares of company stock worth $13,197,728 in the last three months. Insiders own 0.15% of the company's stock.

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.

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