Cameco (TSE:CCO) Upgraded by CLSA to "Moderate Buy" Rating

Key Points

• Cameco has been upgraded to a "moderate buy" rating by CLSA, reflecting analysts' positive outlook on the stock.
• Multiple analysts have raised their price targets for Cameco, with Bank of America increasing it to C$130.00, indicating strong demand for the stock.
• The company's current consensus rating stands at "Buy" with an average price target of C$109.69, underscoring investor confidence in its growth potential.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ was upgraded by stock analysts at CLSA to a "moderate buy" rating in a research report issued on Tuesday,Zacks.com reports.

Several other analysts also recently weighed in on CCO. National Bankshares upped their price objective on Cameco from C$110.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Bank of America increased their target price on Cameco from C$110.00 to C$130.00 in a research report on Friday, August 29th. Royal Bank Of Canada increased their target price on Cameco from C$100.00 to C$110.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Raymond James Financial increased their target price on Cameco from C$115.00 to C$120.00 in a research report on Thursday, August 21st. Finally, TD Securities increased their target price on Cameco from C$115.00 to C$117.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating and ten have given a Buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$109.69.

Cameco Price Performance

Shares of CCO stock opened at C$107.24 on Tuesday. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. Cameco has a twelve month low of C$49.75 and a twelve month high of C$114.25. The company has a market cap of C$46.69 billion, a P/E ratio of 87.90, a P/E/G ratio of 2.22 and a beta of 1.13. The business has a fifty day simple moving average of C$104.22 and a 200 day simple moving average of C$82.16.

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.

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.