Cameco (TSE:CCO) Stock Price Expected to Rise, National Bankshares Analyst Says

Cameco (TSE:CCO) (NYSE:CCJ) had its target price boosted by stock analysts at National Bankshares from C$85.00 to C$87.00 in a note issued to investors on Friday,BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 19.95% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Scotiabank reduced their target price on Cameco from C$81.00 to C$80.00 in a research report on Monday, August 19th. TD Securities upped their target price on Cameco from C$79.00 to C$80.00 in a research report on Monday, July 22nd. National Bank Financial raised Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Cantor Fitzgerald raised Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price of C$81.40.

Cameco Price Performance

TSE CCO traded down C$1.70 on Friday, reaching C$72.53. The company had a trading volume of 461,171 shares, compared to its average volume of 1,245,935. The stock has a market capitalization of C$31.56 billion, a PE ratio of 122.93, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 3.22 and a debt-to-equity ratio of 25.39. The firm’s 50 day moving average price is C$64.45 and its 200 day moving average price is C$65.80. Cameco has a 12 month low of C$48.71 and a 12 month high of C$81.12.

Insider Activity at Cameco

In related news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$70.49, for a total value of C$239,666.00. In other Cameco news, Senior Officer Ronald Liam Mooney sold 3,400 shares of Cameco stock in a transaction dated Friday, October 4th. The stock was sold at an average price of C$70.49, for a total transaction of C$239,666.00. Also, Senior Officer Cory John-Paul Kos bought 500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$56.23 per share, for a total transaction of C$28,115.00. 0.15% of the stock is currently owned by company 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.