Cameco (TSE:CCO) Upgraded at UBS Group

UBS Group upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a hold rating in a research report released on Monday morning,Zacks.com reports.

CCO has been the subject of a number of other reports. Canaccord Genuity Group raised their price objective on shares of Cameco from C$92.00 to C$115.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Royal Bank Of Canada lifted their price objective on Cameco from C$110.00 to C$160.00 in a report on Friday, October 31st. CLSA upgraded Cameco to a “moderate buy” rating in a research note on Tuesday, September 9th. BMO Capital Markets increased their target price on Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. Finally, Scotiabank boosted their price target on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$141.24.

Cameco Stock Performance

Shares of TSE CCO opened at C$129.68 on Monday. The firm has a market capitalization of C$56.46 billion, a price-to-earnings ratio of 107.17, a PEG ratio of 2.22 and a beta of 1.28. Cameco has a one year low of C$49.75 and a one year high of C$153.59. The business has a fifty day simple moving average of C$122.23 and a 200 day simple moving average of C$102.97. 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 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.