13 hours ago
Raymond James Reaffirms Their Buy Rating on Cameco (CCJ)
In a report released today, Brian MacArthur from Raymond James maintained a Buy rating on Cameco (CCJ – Research Report), with a price target of C$102.00. The company's shares closed today at $69.25.
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MacArthur covers the Basic Materials sector, focusing on stocks such as Barrick Mining, Franco-Nevada, and Freeport-McMoRan. According to TipRanks, MacArthur has an average return of 14.4% and a 62.60% success rate on recommended stocks.
Currently, the analyst consensus on Cameco is a Strong Buy with an average price target of $72.45, a 4.62% upside from current levels. In a report released today, Desjardins also maintained a Buy rating on the stock with a C$105.00 price target.
Based on Cameco's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $789.43 million and a net profit of $69.76 million. In comparison, last year the company earned a revenue of $633.55 million and had a GAAP net loss of $7.06 million
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCJ in relation to earlier this year.
