Brokerages Set Cameco Co. (TSE:CCO) Target Price at C$109.69

Key Points

• Cameco Co. has received a consensus rating of "Buy" from thirteen analysts, with ten recommending a buy and three a strong buy.
• The average 12-month price target for Cameco shares among brokerages is C$109.69, with notable price increases from various analysts over recent months.
• Cameco shares opened at C$108.14, with a market cap of C$47.08 billion and a 1-year trading range between C$49.75 and C$114.25.

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has received an average recommendation of "Buy" from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$109.69.

CCO has been the subject of several analyst reports. CLSA upgraded Cameco to a "moderate buy" rating in a research note on Tuesday, September 9th. Scotiabank upped their target price on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Stifel Nicolaus upped their target price on Cameco from C$105.00 to C$115.00 in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their target price on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, TD Securities upped their target price 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.

Cameco Price Performance

Shares of TSE:CCO traded up C$1.24 on Friday, hitting C$113.95. The company had a trading volume of 937,093 shares, compared to its average volume of 1,228,655. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a 52-week low of C$49.75 and a 52-week high of C$119.00. The business has a 50 day moving average of C$106.07 and a 200 day moving average of C$84.43. The company has a market cap of C$49.61 billion, a PE ratio of 93.40, a PEG ratio of 2.22 and a beta of 1.13.

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.