Cameco (TSE:CCO) Upgraded at UBS Group

UBS Group upgraded shares of Cameco (TSE:CCOFree Report) (NYSE:CCJ) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have C$166.00 target price on the stock.

Other equities analysts have also issued reports about the company. Truist Financial raised Cameco to a “strong-buy” rating in a report on Monday, July 13th. Scotia raised their target price on Cameco from C$150.00 to C$175.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, May 6th. Desjardins upped their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. TD increased their price target on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada raised their price objective on shares of Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Cameco currently has a consensus rating of “Buy” and an average price target of C$175.61.

View Our Latest Analysis on Cameco

Cameco Stock Down 3.1%

CCO stock opened at C$118.83 on Monday. The stock has a fifty day moving average of C$140.82 and a 200-day moving average of C$152.46. Cameco has a fifty-two week low of C$95.60 and a fifty-two week high of C$182.72. The company has a market capitalization of C$51.75 billion, a price-to-earnings ratio of 79.75, a PEG ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08.

Cameco (TSE:CCOGet Free Report) (NYSE:CCJ) last announced its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 earnings per share (EPS) for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.The business had revenue of C$845.37 million for the quarter.

Insider Buying and Selling

In other Cameco news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total value of C$44,559.00. Following the transaction, the insider directly owned 20 shares in the company, valued at C$2,970.60. This represents a 93.75% decrease in their position. 0.15% of the stock is currently owned by insiders.

Cameco Company Profile

(Get Free Report)

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

Further Reading

Analyst Recommendations for Cameco (TSE:CCO)

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