Cameco Co. (TSE:CCO) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Cameco a consensus rating of "Moderate Buy" from 14 brokerages (11 buys, 2 holds, 1 strong buy) with an average 12‑month target of C$174.85.
• Shares sit around C$167.02 with a 12‑month range of C$59.98–C$182.72 and a market cap of C$72.74 billion, while valuation metrics show a high P/E of 123.72 and a 50‑day/200‑day moving average of C$157.45/C$144.14.
• Cameco is one of the world’s largest uranium producers (the McArthur River mine can account for ~50% of output) and has reduced production amid weak prices but has capacity to boost supply by restarting mines and investing in new production.

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have received an average rating of "Moderate Buy" from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$174.85.

Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price objective on Cameco from C$155.00 to C$150.00 and set an "outperform" rating for the company in a research note on Tuesday, February 17th. National Bank Financial upped their price objective on shares of Cameco from C$170.00 to C$175.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Raymond James Financial upped their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an "outperform" rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein upped their price objective on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Finally, Desjardins upped their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the company a "buy" rating in a research note on Monday, January 26th.

Cameco Price Performance

Shares of TSE CCO opened at C$167.02 on Friday. Cameco has a twelve month low of C$59.98 and a twelve month high of C$182.72. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. The company has a market capitalization of C$72.74 billion, a price-to-earnings ratio of 123.72, a PEG ratio of 2.22 and a beta of 0.76. The firm has a 50-day moving average of C$157.45 and a two-hundred day moving average of C$144.14.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 earnings per share for the quarter. The business had revenue of C$1.20 billion during the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.

About Cameco

Cameco is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.

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