Cameco (TSE:CCO) Stock Rating Upgraded by CLSA

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by research analysts at CLSA to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on CCO. Raymond James Financial upped their target price on shares of Cameco from C$115.00 to C$120.00 in a report on Thursday, August 21st. Berenberg Bank upped their target price on shares of Cameco from C$75.00 to C$96.00 in a report on Tuesday, June 10th. Bank of America upped their target price on shares of Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th. Scotiabank increased their price target on shares of Cameco from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, National Bankshares increased their price target on shares of Cameco from C$110.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, August 22nd. Three research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$109.69.

Cameco Price Performance

Shares of TSE:CCO opened at C$110.22 on Tuesday. The company has a 50-day simple moving average of C$104.47 and a 200-day simple moving average of C$82.36. Cameco has a one year low of C$49.75 and a one year high of C$114.25. 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 stock has a market capitalization of C$47.99 billion, a price-to-earnings ratio of 90.34, a PEG ratio of 2.22 and a beta of 1.13.

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.