Shares of Cameco Co. (TSE:CCO – Get Free Report) (NYSE:CCJ) have earned a consensus recommendation of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$175.61.
CCO has been the topic of a number of analyst reports. Scotia upped their price target on Cameco from C$150.00 to C$175.00 and gave the company a “sector outperform” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their price objective on Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Truist Financial upgraded Cameco to a “strong-buy” rating in a report on Monday, July 13th. TD increased their target price on shares of Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Canaccord Genuity Group increased their target price on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th.
Get Our Latest Research Report on CCO
Cameco Stock Performance
Insider Activity at Cameco
In other news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total value of C$44,559.00. Following the sale, the insider directly owned 20 shares of the company’s stock, valued at approximately C$2,970.60. This represents a 93.75% decrease in their position. Corporate insiders own 0.15% of the company’s stock.
Cameco Company Profile
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.
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