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

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have received an average recommendation of "Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$82.65.

Several research analysts have issued reports on the company. Desjardins upgraded Cameco to a "moderate buy" rating in a research report on Thursday, April 3rd. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. National Bankshares lowered their price objective on shares of Cameco from C$87.00 to C$81.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Raymond James cut their price target on shares of Cameco from C$84.00 to C$83.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Canaccord Genuity Group boosted their price target on Cameco from C$82.50 to C$83.50 and gave the stock a "buy" rating in a research report on Friday, May 2nd.

Cameco Stock Performance

CCO stock traded up C$0.67 during trading on Thursday, hitting C$82.74. The company had a trading volume of 1,023,629 shares, compared to its average volume of 1,200,694. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a 50-day moving average price of C$66.28 and a 200-day moving average price of C$69.83. The firm has a market cap of C$36.42 billion, a PE ratio of 312.62, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.