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Cameco (TSE:CCO) Hits New 1-Year High - Time to Buy?

Cameco logo with Energy background

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ's share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$95.80 and last traded at C$95.12, with a volume of 474584 shares trading hands. The stock had previously closed at C$90.53.

Analyst Upgrades and Downgrades

CCO has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of Cameco from C$93.00 to C$106.00 in a research note on Tuesday, June 10th. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a research note on Tuesday, April 1st. Desjardins upgraded shares of Cameco to a "moderate buy" rating in a research note on Thursday, April 3rd. BMO Capital Markets lifted their price objective on Cameco from C$85.00 to C$95.00 and gave the company an "outperform" rating in a report on Monday, June 9th. Finally, Raymond James lifted their target price on shares of Cameco from C$83.00 to C$88.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Eight research analysts have rated the stock with a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$92.92.

View Our Latest Research Report on CCO

Cameco Stock Up 6.0%

The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The firm has a market cap of C$42.22 billion, a price-to-earnings ratio of 362.45, a PEG ratio of 2.22 and a beta of 0.90. The business's 50 day moving average price is C$70.19 and its 200 day moving average price is C$69.94.

About Cameco

(Get Free Report)

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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