Cameco Co. (TSE:CCO) Given Consensus Rating of “Buy” by Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus recommendation of “Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$106.31.

Several equities analysts have commented on the stock. Desjardins upped their price objective on shares of Cameco from C$105.00 to C$110.00 and gave the company a “buy” rating in a report on Friday, August 1st. National Bankshares upped their price objective on shares of Cameco from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Berenberg Bank upped their price objective on shares of Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Canaccord Genuity Group upped their price objective on shares of Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada upped their price objective on shares of Cameco from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Friday, August 1st.

Cameco Price Performance

TSE:CCO opened at C$106.11 on Tuesday. Cameco has a one year low of C$48.71 and a one year high of C$110.85. The company has a market cap of C$46.70 billion, a P/E ratio of 400.92, a P/E/G ratio of 2.22 and a beta of 0.90. The firm’s fifty day moving average price is C$101.33 and its two-hundred day moving average price is C$78.27. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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.