Cameco Co. (TSE:CCO) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Cameco has a consensus “Buy” rating among 15 brokerages: 11 analysts recommend buying, two rate it a strong buy, and two advise holding.
• The average 12-month price target is C$179.89, with recent targets ranging from C$147 to C$190; UBS upgraded the stock to “buy,” while Truist Financial raised its rating to “strong buy.”
• Cameco shares opened at C$115.30, versus a 12-month range of C$109.89 to C$182.72. In its latest quarter, the company reported C$0.18 in EPS and C$813.77 million in revenue.

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have been given a consensus recommendation of "Buy" by the fifteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$179.89.

Several research analysts recently weighed in on the company. TD set a C$190.00 target price on Cameco and gave the company a "buy" rating in a research note on Thursday, September 24th. Truist Financial upgraded shares of Cameco to a "strong-buy" rating in a research report on Monday, July 13th. Barclays dropped their price target on shares of Cameco from C$149.00 to C$147.00 in a research report on Thursday, July 16th. National Bank Financial set a C$185.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Monday, October 5th. Finally, UBS Group upgraded shares of Cameco from a "hold" rating to a "buy" rating and set a C$166.00 price objective for the company in a research report on Monday, July 27th.

Cameco Price Performance

TSE CCO opened at C$115.30 on Friday. Cameco has a 12 month low of C$109.89 and a 12 month high of C$182.72. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74. The firm has a market capitalization of C$50.22 billion, a PE ratio of 142.35, a P/E/G ratio of 2.22 and a beta of 1.19. The company's 50 day simple moving average is C$131.68 and its 200 day simple moving average is C$141.53.

Cameco (TSE:CCO - Get Free Report) NYSE: CCJ last announced its earnings results on Friday, July 31st. The company reported C$0.18 EPS for the quarter. The firm had revenue of C$813.77 million for the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world's largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.

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