In a report released today, Katie Lachapelle from Canaccord Genuity maintained a Buy rating on Cameco (CCJ – Research Report), with a price target of C$78.00. The company’s shares closed today at $46.77.
Lachapelle covers the Energy sector, focusing on stocks such as Cameco, Energy Fuels, and Fission Uranium. According to TipRanks, Lachapelle has an average return of 17.7% and a 48.57% success rate on recommended stocks.
Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $57.06.
Based on Cameco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $598.46 million and a net profit of $36.01 million. In comparison, last year the company earned a revenue of $481.99 million and had a net profit of $59.08 million
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCJ in relation to earlier this year.
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Cameco (CCJ) Company Description:
Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. Cameco was founded in 1988 and is headquartered in Saskatoon, Canada.
