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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average rating of “Buy” from the fourteen analysts that are covering the company, MarketBeat.com reports. Twelve investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$133.84.

A number of equities analysts have recently commented on CCO shares. Raymond James Financial boosted their price objective on Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Wednesday. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective for the company in a research report on Monday, September 22nd. National Bankshares upped their price target on Cameco from C$130.00 to C$140.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets upped their price target on Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Finally, Royal Bank Of Canada upped their price target on Cameco from C$110.00 to C$160.00 in a report on Friday.

Cameco Stock Performance

Shares of Cameco stock opened at C$143.34 on Friday. Cameco has a one year low of C$49.75 and a one year high of C$153.59. The company has a market cap of C$62.41 billion, a PE ratio of 117.49, a P/E/G ratio of 2.22 and a beta of 1.12. 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 business has a 50-day simple moving average of C$117.90 and a 200-day simple moving average of C$98.78.

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.