Cameco Co. (TSE:CCO) Receives C$83.22 Average Target Price from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and five have issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$83.22.

A number of analysts recently commented on the stock. Scotiabank dropped their target price on shares of Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Desjardins raised Cameco to a “moderate buy” rating in a report on Thursday, April 3rd. National Bankshares reduced their price objective on Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. TD Securities decreased their target price on Cameco from C$90.00 to C$77.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research report on Tuesday, April 1st.

Cameco Price Performance

TSE:CCO opened at C$57.00 on Wednesday. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$25.09 billion, a P/E ratio of 215.36, a PEG ratio of 2.22 and a beta of 0.90. The business’s 50-day moving average price is C$60.79 and its 200 day moving average price is C$70.29.

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.