Cameco Co. (TSE:CCO) Given Average Recommendation of “Buy” by Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$85.30.

CCO has been the topic of a number of research analyst reports. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. TD Securities reduced their target price on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Raymond James raised their price target on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd.

Cameco Trading Down 0.4 %

TSE:CCO opened at C$63.91 on Friday. The company has a fifty day moving average of C$67.48 and a 200 day moving average of C$69.86. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The firm has a market capitalization of C$28.13 billion, a P/E ratio of 241.47, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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.