Cameco (TSE:CCO) Price Target Raised to C$80.00 at Bank of America

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ had its price target hoisted by equities research analysts at Bank of America from C$76.00 to C$80.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Bank of America's target price suggests a potential upside of 23.08% from the company's previous close.

Other equities analysts also recently issued reports about the company. Raymond James boosted their price objective on Cameco from C$71.00 to C$74.00 and gave the stock an "outperform" rating in a research report on Friday, January 12th. Eight Capital boosted their price objective on Cameco from C$70.00 to C$80.00 and gave the stock a "buy" rating in a research report on Monday, January 15th. TD Securities reduced their price objective on Cameco from C$82.00 to C$79.00 and set an "action list buy" rating for the company in a research report on Monday, February 12th. Scotiabank boosted their price objective on Cameco from C$70.00 to C$71.00 in a research report on Friday, February 9th. Finally, Canaccord Genuity Group boosted their price objective on Cameco from C$67.00 to C$72.00 and gave the stock a "buy" rating in a research report on Wednesday, December 20th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of C$72.44.

Cameco Stock Performance

CCO stock traded down C$1.19 during midday trading on Tuesday, reaching C$65.00. The company had a trading volume of 1,205,648 shares, compared to its average volume of 1,455,489. 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 50 day moving average price of C$58.94 and a 200 day moving average price of C$58.30. Cameco has a fifty-two week low of C$33.76 and a fifty-two week high of C$69.18. The firm has a market capitalization of C$28.22 billion, a PE ratio of 78.10, a P/E/G ratio of 2.22 and a beta of 0.92.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last issued its earnings results on Thursday, February 8th. The company reported C$0.21 EPS for the quarter, missing analysts' consensus estimates of C$0.28 by C($0.07). Cameco had a net margin of 13.94% and a return on equity of 6.05%. The company had revenue of C$844.00 million during the quarter. Analysts anticipate that Cameco will post 1.832948 earnings per share for the current year.

Insiders Place Their Bets

In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total value of C$1,440,350.10. Also, Senior Officer Sean Anthony Quinn sold 50,000 shares of the company's stock in a transaction 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. Insiders sold 98,694 shares of company stock worth $6,095,228 over the last ninety days. Company insiders own 0.13% 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.