Cameco Co. (TSE:CCO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$174.85.

A number of analysts have recently issued reports on CCO shares. Sanford C. Bernstein raised their price target on shares of Cameco from C$139.00 to C$201.00 in a report on Thursday, February 5th. Canaccord Genuity Group decreased their price objective on shares of Cameco from C$190.00 to C$185.00 in a report on Tuesday, February 17th. Raymond James Financial raised their target price on shares of Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco from C$115.00 to C$202.00 in a research report on Monday, March 9th. Finally, Berenberg Bank decreased their target price on shares of Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th.

Cameco Stock Up 5.7%

CCO stock opened at C$151.28 on Wednesday. The stock has a market capitalization of C$65.89 billion, a P/E ratio of 112.06, a P/E/G ratio of 2.22 and a beta of 0.67. The company has a debt-to-equity ratio of 14.82, a current ratio of 2.47 and a quick ratio of 3.74. Cameco has a 1-year low of C$49.75 and a 1-year high of C$182.72. The business has a fifty day moving average price of C$158.71 and a 200-day moving average price of C$138.73.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.50 EPS for the quarter. Cameco had a return on equity of 8.76% and a net margin of 16.93%.The company had revenue of C$1.20 billion for 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.