Cameco (TSE:CCO) Raised to Moderate Buy at Desjardins

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by stock analysts at Desjardins to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein raised Cameco to a “strong-buy” rating in a report on Tuesday. National Bankshares cut their price target on Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a report on Wednesday. Scotiabank reduced their price objective on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. TD Securities decreased their price target on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Six research analysts have rated the stock with a buy rating and five have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$84.20.

Cameco Price Performance

Shares of TSE:CCO opened at C$53.83 on Thursday. The stock has a market capitalization of C$23.69 billion, a price-to-earnings ratio of 203.39, a PEG ratio of 2.22 and a beta of 0.90. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The company has a 50-day simple moving average of C$64.51 and a 200-day simple moving average of C$70.45. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.