Brokerages Set Cameco Co. (TSE:CCO) Price Target at C$82.75

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been given a consensus rating of “Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy recommendation and five have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$82.75.

Several equities analysts have recently weighed in on CCO shares. TD Securities cut their price objective 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. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Raymond James cut their target price on Cameco from C$84.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Desjardins upgraded Cameco to a “moderate buy” rating in a research note on Thursday, April 3rd. Finally, Sanford C. Bernstein upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, April 1st.

Cameco Trading Down 0.4%

TSE:CCO opened at C$71.72 on Friday. Cameco has a fifty-two week low of C$48.71 and a fifty-two week high of C$88.18. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The stock has a market capitalization of C$31.57 billion, a PE ratio of 270.98, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The business’s 50-day simple moving average is C$61.48 and its 200-day simple moving average is C$69.28.

Cameco Company Profile

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.