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

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.

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have earned a consensus rating of "Buy" from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$109.69.

Several equities analysts have weighed in on CCO shares. Berenberg Bank increased their price objective on Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. TD Securities raised their price target on Cameco from C$115.00 to C$117.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. BMO Capital Markets raised their price target on Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Bank of America raised their price target on Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. Finally, Scotiabank raised their price target on Cameco from C$100.00 to C$110.00 and gave the stock an "outperform" rating in a report on Friday, August 1st.

Cameco Price Performance

Shares of TSE CCO opened at C$108.14 on Friday. The stock has a fifty day simple moving average of C$104.87 and a two-hundred day simple moving average of C$83.01. Cameco has a 1-year low of C$49.75 and a 1-year high of C$114.25. The firm has a market cap of C$47.08 billion, a price-to-earnings ratio of 88.64, a price-to-earnings-growth ratio of 2.22 and a beta of 1.13. 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 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.

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