Cameco (TSE:CCO) Given a C$190.00 Price Target at Jefferies Financial Group

Cameco (TSE:CCO – Get Free Report) (NYSE:CCJ) has been assigned a C$190.00 price target by investment analysts at Jefferies Financial Group in a report issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 37.50% from the stock’s previous close.

CCO has been the subject of several other reports. UBS Group upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective for the company in a report on Monday, July 27th. Truist Financial raised Cameco to a “strong-buy” rating in a report on Monday, July 13th. Royal Bank Of Canada upped their target price on Cameco from C$160.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Desjardins increased their price target on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, National Bank Financial lifted their price target on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus target price of C$176.36.

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Cameco Price Performance

Cameco stock traded up C$4.72 during trading hours on Thursday, hitting C$138.18. 508,110 shares of the company traded hands, compared to its average volume of 1,006,749. The firm has a market cap of C$60.18 billion, a P/E ratio of 170.59, a P/E/G ratio of 2.22 and a beta of 0.78. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The firm’s 50-day simple moving average is C$133.76 and its two-hundred day simple moving average is C$147.67. Cameco has a 1-year low of C$103.08 and a 1-year high of C$182.72.

Insiders Place Their Bets

In other news, insider Alexandre Aubin sold 300 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the completion of the transaction, the insider owned 20 shares in the company, valued at approximately C$2,970.60. This trade represents a 93.75% decrease in their position. Insiders own 0.15% of the company’s stock.

About Cameco

(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.

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