TD Analysts Give Cameco (TSE:CCO) a C$190.00 Price Target

TD set a C$190.00 target price on Cameco (TSE:CCO – Free Report) (NYSE:CCJ) in a report published on Thursday morning,BayStreet reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Jefferies Financial Group set a C$190.00 target price on Cameco and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group lifted their price target on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Scotia boosted their price target on shares of 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 upped their price objective on shares of Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Desjardins raised their price objective on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$176.36.

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Cameco Trading Up 0.6%

Shares of CCO opened at C$139.44 on Thursday. Cameco has a 52-week low of C$103.08 and a 52-week high of C$182.72. 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 fifty day moving average is C$133.43 and its two-hundred day moving average is C$147.51. The stock has a market cap of C$60.73 billion, a PE ratio of 172.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.94.

Insider Activity at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of C$148.53, for a total transaction 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 ownership of the stock. Corporate insiders own 0.15% of the company’s stock.

Cameco Company Profile

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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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