Raymond James Raises Cameco (TSE:CCO) Price Target to C$88.00

Cameco (TSE:CCO) (NYSE:CCJ) had its price target hoisted by equities researchers at Raymond James from C$81.00 to C$88.00 in a research report issued on Friday,BayStreet.CA reports. Raymond James’ target price would indicate a potential upside of 4.75% from the stock’s current price. Raymond James also issued estimates for Cameco’s Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $2.14 EPS.

A number of other equities research analysts have also weighed in on CCO. Royal Bank of Canada boosted their price target on Cameco from C$75.00 to C$90.00 in a research note on Thursday. Cantor Fitzgerald raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 31st. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Eight Capital upped their target price on Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Seven research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of C$84.30.

Cameco Stock Down 1.3 %

Shares of CCO stock opened at C$84.01 on Friday. The stock’s fifty day moving average price is C$69.61 and its 200 day moving average price is C$66.65. Cameco has a 1-year low of C$48.71 and a 1-year high of C$85.18. The company has a market cap of C$36.56 billion, a price-to-earnings ratio of 142.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 25.39, a current ratio of 3.22 and a quick ratio of 3.74.

Insider Activity

In other news, Senior Officer Brian Arthur Reilly sold 14,062 shares of Cameco stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$79.98, for a total transaction of C$1,124,678.76. Also, Senior Officer Lisa Lorene Aitken sold 2,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$75.19, for a total transaction of C$150,380.00. Insiders sold a total of 32,862 shares of company stock valued at $2,635,367 in the last quarter. 0.15% of the stock is currently owned by company insiders.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.