Cameco Co. (TSE:CCO) Given Average Rating of “Buy” by Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$159.15.

A number of analysts recently issued reports on CCO shares. National Bankshares increased their target price on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Friday. Desjardins upped their price target on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a report on Monday, January 26th. Sanford C. Bernstein boosted their price objective on shares of Cameco from C$139.00 to C$201.00 in a research report on Thursday, February 5th. Royal Bank Of Canada reduced their target price on shares of Cameco from C$160.00 to C$150.00 in a research note on Thursday, November 13th. Finally, Bank of America lifted their price target on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th.

Cameco Trading Up 5.4%

CCO opened at C$163.59 on Tuesday. The firm’s fifty day moving average is C$143.68 and its two-hundred day moving average is C$126.01. The firm has a market cap of C$71.23 billion, a PE ratio of 135.20, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72. 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 released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. The business had revenue of C$614.56 million during the quarter. Cameco had a net margin of 4.17% and a return on equity of 1.89%.

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. 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.