Cameco (TSE:CCO – Free Report) (NYSE:CCJ) had its price target raised by CIBC from C$72.00 to C$74.00 in a report published on Wednesday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
CCO has been the topic of a number of other reports. Scotiabank lifted their target price on Cameco from C$70.00 to C$71.00 in a report on Friday, February 9th. Eight Capital lifted their target price on Cameco from C$70.00 to C$80.00 and gave the stock a buy rating in a report on Monday, January 15th. TD Securities lowered their target price on Cameco from C$82.00 to C$79.00 and set an action list buy rating on the stock in a report on Monday, February 12th. Canaccord Genuity Group lifted their target price on Cameco from C$67.00 to C$72.00 and gave the stock a buy rating in a report on Wednesday, December 20th. Finally, Raymond James lifted their target price on Cameco from C$71.00 to C$74.00 and gave the stock an outperform rating in a report on Friday, January 12th. Six 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.com, the stock has a consensus rating of Buy and a consensus price target of C$72.67.
Check Out Our Latest Research Report on CCO
Cameco Price Performance
Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) last issued its quarterly 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). The business had revenue of C$844.00 million for the quarter. Cameco had a net margin of 13.94% and a return on equity of 6.05%. Equities analysts anticipate that Cameco will post 1.6943044 EPS for the current year.
Insider Activity at Cameco
In other Cameco news, Senior Officer Tim Scott Gitzel sold 21,546 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of C$66.85, for a total transaction of C$1,440,350.10. In other news, Senior Officer Sean Anthony Quinn sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was 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 21,546 shares of the firm’s stock in a transaction dated 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. Insiders sold 98,694 shares of company stock worth $6,095,228 in the last quarter. 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.
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