Cameco Co. (TSE:CCO) Given Average Rating of "Buy" by Brokerages

Key Points

• Cameco Co. (TSE:CCO) has received a C$98.77 average price target from fourteen brokerages, with most analysts rating the stock as "Buy" or "Strong Buy".
• The company recently traded at C$109.10, reflecting a slight increase of 0.1% during the session, with a market capitalization of C$48.02 billion.
• Analysts from firms like Royal Bank of Canada and Desjardins have boosted their price targets for Cameco, with some expecting prices to reach up to C$110.00.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has received a consensus recommendation of "Buy" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$98.77.

Several research analysts have issued reports on CCO shares. Raymond James Financial raised their price objective on shares of Cameco from C$96.00 to C$102.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 17th. Scotiabank raised their target price on shares of Cameco from C$93.00 to C$95.00 in a research note on Monday, June 16th. Berenberg Bank raised their target price on shares of Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Royal Bank Of Canada raised their target price on shares of Cameco from C$90.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Friday, June 20th. Finally, Canaccord Genuity Group raised their target price on shares of Cameco from C$83.50 to C$92.00 and gave the stock a "buy" rating in a research note on Monday, June 9th.

Cameco Stock Performance

Cameco stock traded down C$1.66 during midday trading on Friday, hitting C$107.44. 309,499 shares of the company's stock were exchanged, compared to its average volume of 1,201,287. Cameco has a 12-month low of C$48.71 and a 12-month high of C$109.84. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock has a market cap of C$47.29 billion, a price-to-earnings ratio of 405.94, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm's 50 day simple moving average is C$93.32 and its 200 day simple moving average is C$74.74.

About Cameco

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.