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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$174.85.

Several equities research analysts have recently weighed in on the company. Scotiabank reduced their price objective on Cameco from C$155.00 to C$150.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. National Bank Financial upped their price objective on shares of Cameco from C$170.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Raymond James Financial upped their price objective on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Sanford C. Bernstein upped their price objective on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th. Finally, Desjardins upped their price objective on shares of Cameco from C$160.00 to C$185.00 and gave the company a “buy” rating in a research note on Monday, January 26th.

Cameco Price Performance

Shares of TSE CCO opened at C$167.02 on Friday. Cameco has a twelve month low of C$59.98 and a twelve month high of C$182.72. The company has a current ratio of 2.47, a quick ratio of 3.74 and a debt-to-equity ratio of 14.82. The company has a market capitalization of C$72.74 billion, a price-to-earnings ratio of 123.72, a PEG ratio of 2.22 and a beta of 0.76. The firm has a 50-day moving average of C$157.45 and a two-hundred day moving average of C$144.14.

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

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.