Jefferies Financial Group Reiterates “C$190.00” Price Target for Cameco (TSE:CCO)

Jefferies Financial Group set a C$190.00 price objective on Cameco (TSE:CCO) (NYSE:CCJ) in a research report released on Thursday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on CCO. Barclays cut their target price on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. National Bank Financial raised their price target on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial upgraded Cameco to a “strong-buy” rating in a research note on Monday, July 13th. TD lifted their price objective on 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 upped their price objective on 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 investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$176.36.

Cameco Stock Performance

Shares of CCO opened at C$139.44 on Thursday. The business’s fifty day simple moving average is C$133.43 and its two-hundred day simple moving average is C$147.51. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14. Cameco has a 12 month low of C$103.08 and a 12 month high of C$182.72. The company has a market cap of C$60.73 billion, a price-to-earnings ratio of 172.15, a P/E/G ratio of 2.22 and a beta of 0.94.

Insider Buying and Selling at Cameco

In other Cameco news, insider Alexandre Aubin sold 300 shares of the 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 of the company’s stock, valued at 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.