Cameco Co. (TSE:CCO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$85.30.

CCO has been the topic of several recent analyst reports. Raymond James boosted their price objective on Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Eight Capital boosted their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th. National Bankshares raised their price objective on shares of Cameco from C$85.00 to C$87.00 in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on shares of Cameco from C$75.00 to C$90.00 in a research report on Thursday, November 21st. Finally, TD Securities reduced their target price on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday.

Cameco Stock Performance

CCO opened at C$61.76 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. The firm has a market cap of C$27.18 billion, a PE ratio of 233.35, a P/E/G ratio of 2.22 and a beta of 0.90. The business has a fifty day simple moving average of C$72.58 and a 200-day simple moving average of C$69.11. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18.

Insider Activity at Cameco

In related news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. Insiders own 0.15% of the company’s stock.

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.