Analysts Set Cameco Co. (TSE:CCO) PT at C$82.65

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

CCO has been the subject of a number of analyst reports. Scotiabank lowered their price target on shares of Cameco from C$81.00 to C$80.00 and set an "outperform" rating for the company in a report on Thursday, May 22nd. Desjardins upgraded shares of Cameco to a "moderate buy" rating in a research note on Thursday, April 3rd. TD Securities dropped their price objective on shares of Cameco from C$90.00 to C$77.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Raymond James decreased their price objective on shares of Cameco from C$84.00 to C$83.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd.

Cameco Price Performance

Cameco stock traded up C$0.67 during mid-day trading on Thursday, hitting C$82.74. The stock had a trading volume of 1,023,629 shares, compared to its average volume of 1,200,694. The firm has a market capitalization of C$36.42 billion, a P/E ratio of 312.62, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm's 50 day moving average is C$66.74 and its 200 day moving average is C$69.78. Cameco has a one year low of C$48.71 and a one year high of C$88.18.

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.