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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned an average rating of “Buy” from the twelve analysts that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$113.46.

A number of equities research analysts have weighed in on CCO shares. Berenberg Bank boosted their price objective on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Raymond James Financial boosted their price objective on Cameco from C$115.00 to C$120.00 in a research note on Thursday, August 21st. CLSA upgraded Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective for the company in a research note on Monday, September 22nd. Finally, Bank of America boosted their target price on Cameco from C$110.00 to C$130.00 in a report on Friday, August 29th.

Cameco Price Performance

Shares of TSE CCO opened at C$120.73 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. Cameco has a twelve month low of C$49.75 and a twelve month high of C$124.12. The stock has a 50 day moving average of C$109.23 and a two-hundred day moving average of C$89.73. The stock has a market cap of C$52.56 billion, a P/E ratio of 98.96, a P/E/G ratio of 2.22 and a beta of 1.12.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries.