Cameco Co. (TSE:CCO) Receives Consensus Rating of "Buy" from Analysts

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been given an average rating of "Buy" by the fourteen research firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy recommendation and five have issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$97.23.

A number of equities analysts have recently commented on CCO shares. Stifel Nicolaus lifted their price target on shares of Cameco from C$90.00 to C$105.00 in a research report on Tuesday, June 10th. Raymond James Financial lifted their price target on shares of Cameco from C$96.00 to C$102.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Desjardins lifted their price target on shares of Cameco from C$85.00 to C$105.00 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Royal Bank Of Canada lifted their price target on shares of Cameco from C$90.00 to C$100.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. Finally, Bank of America lifted their price target on shares of Cameco from C$93.00 to C$106.00 in a research report on Tuesday, June 10th.

Cameco Price Performance

Shares of CCO opened at C$100.41 on Monday. The firm has a market cap of C$44.19 billion, a PE ratio of 379.38, a PEG ratio of 2.22 and a beta of 0.90. The firm's 50 day moving average price is C$78.30 and its 200 day moving average price is C$70.91. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a twelve month low of C$48.71 and a twelve month high of C$102.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.