Cameco Co. (TSE:CCO) Receives Average Rating of "Buy" from Brokerages

Key Points

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Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have earned a consensus rating of "Buy" from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$107.08.

A number of research firms have issued reports on CCO. TD Securities lifted their price target on Cameco from C$115.00 to C$117.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Desjardins lifted their price target on Cameco from C$105.00 to C$110.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Raymond James Financial lifted their price target on Cameco from C$115.00 to C$120.00 in a research note on Thursday. Berenberg Bank lifted their price target on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Finally, Canaccord Genuity Group lifted their price target on Cameco from C$92.00 to C$115.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th.

Cameco Stock Up 4.4%

CCO stock traded up C$4.33 during mid-day trading on Tuesday, reaching C$103.61. 1,450,880 shares of the company traded hands, compared to its average volume of 1,225,854. The stock has a market cap of C$45.60 billion, a price-to-earnings ratio of 391.47, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$110.85. The firm's 50 day moving average price is C$102.22 and its 200 day moving average price is C$79.05.

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.