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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given a consensus rating of “Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$141.08.

A number of equities research analysts have weighed in on CCO shares. TD Securities upped their price target on shares of Cameco from C$142.00 to C$150.00 in a report on Thursday, November 13th. Bank of America boosted their target price on shares of Cameco from C$130.00 to C$175.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. BMO Capital Markets raised their target price on shares of Cameco from C$130.00 to C$160.00 in a report on Tuesday, November 4th. Scotiabank upped their price target on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, CLSA upgraded Cameco to a “moderate buy” rating in a research report on Tuesday, September 9th.

Cameco Stock Performance

Shares of TSE CCO opened at C$124.22 on Monday. Cameco has a 1 year low of C$49.75 and a 1 year high of C$153.59. The firm has a market cap of C$54.09 billion, a P/E ratio of 102.66, a PEG ratio of 2.22 and a beta of 1.28. The stock has a fifty day moving average price of C$126.24 and a two-hundred day moving average price of C$112.63. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 earnings per share for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The business had revenue of C$614.56 million during the quarter.

About Cameco

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. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.