Cameco Co. (TSE:CCO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average recommendation of “Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$83.22.

Several analysts have recently weighed in on CCO shares. National Bankshares dropped their price objective on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. TD Securities dropped their price target on Cameco from C$90.00 to C$77.00 and set a “buy” rating for the company in a report on Tuesday. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Scotiabank lowered their target price on Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Finally, Sanford C. Bernstein upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st.

Cameco Stock Down 0.5 %

CCO opened at C$57.01 on Wednesday. The firm has a market cap of C$25.09 billion, a price-to-earnings ratio of 215.40, a PEG ratio of 2.22 and a beta of 0.90. 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’s 50-day simple moving average is C$61.66 and its 200-day simple moving average is C$70.34. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18.

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.