Cameco (TSE:CCO) Reaches New 52-Week High at $72.60

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ's stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$72.60 and last traded at C$72.05, with a volume of 615986 shares. The stock had previously closed at C$67.84.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CCO. Raymond James increased their price target on Cameco from C$74.00 to C$80.00 in a research note on Tuesday, April 23rd. CIBC lifted their target price on Cameco from C$72.00 to C$74.00 and gave the stock an "outperform" rating in a report on Wednesday, April 17th. Bank of America upped their price target on shares of Cameco from C$76.00 to C$80.00 in a report on Tuesday, April 9th. TD Securities lowered their price objective on shares of Cameco from C$82.00 to C$79.00 and set an "action list buy" rating on the stock in a research note on Monday, February 12th. Finally, Scotiabank increased their target price on shares of Cameco from C$70.00 to C$71.00 in a research note on Friday, February 9th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco currently has an average rating of "Buy" and a consensus price target of C$75.44.

Cameco Trading Up 6.4 %

The company has a market cap of C$31.38 billion, a price-to-earnings ratio of 133.43, a price-to-earnings-growth ratio of 2.22 and a beta of 0.93. The company's 50 day moving average price is C$63.66 and its 200 day moving average price is C$61.14. The company has a debt-to-equity ratio of 27.96, a quick ratio of 3.74 and a current ratio of 1.42.

Insiders Place Their Bets

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of C$71.16, for a total value of C$3,558,000.00. In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the company's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of C$71.16, for a total transaction of C$3,558,000.00. Also, Senior Officer Jonathan Huntington sold 12,333 shares of the firm's stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of C$54.77, for a total transaction of C$675,478.41. Insiders have sold 198,694 shares of company stock valued at $13,197,728 over the last three months. 0.15% of the stock is currently owned by insiders.

About Cameco

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.