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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given a consensus recommendation of “Buy” by the fourteen analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$172.76.

CCO has been the subject of a number of research reports. Stifel Nicolaus lifted their price target on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. National Bank Financial lifted their target price on Cameco from C$145.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Royal Bank Of Canada upped their price target on Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Berenberg Bank decreased their price objective on shares of Cameco from C$201.00 to C$183.00 in a report on Thursday, February 19th. Finally, Sanford C. Bernstein boosted their target price on shares of Cameco from C$139.00 to C$201.00 in a research note on Thursday, February 5th.

Cameco Stock Down 4.6%

CCO stock opened at C$149.02 on Friday. 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 firm has a 50 day simple moving average of C$156.84 and a 200-day simple moving average of C$132.98. The company has a market capitalization of C$64.90 billion, a P/E ratio of 110.39, a PEG ratio of 2.22 and a beta of 0.67. Cameco has a twelve month low of C$49.75 and a twelve month high of C$182.72.

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

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.