Cameco (TSE:CCO) Upgraded by President Capital to Buy Rating

President Capital upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) from a neutral rating to a buy rating in a research note released on Monday,BayStreet.CA reports. The firm currently has C$126.92 target price on the stock.

Several other equities analysts have also recently commented on CCO. Raymond James Financial increased their target price on Cameco from C$115.00 to C$120.00 in a research note on Thursday, August 21st. Bank of America increased their target price on Cameco from C$110.00 to C$130.00 in a research note on Friday, August 29th. Desjardins increased their target price on Cameco from C$105.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Berenberg Bank increased their target price on Cameco from C$75.00 to C$96.00 in a research note on Tuesday, June 10th. Finally, Scotiabank increased their target price on Cameco from C$100.00 to C$110.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$113.46.

Cameco Stock Down 4.0%

TSE CCO opened at C$115.44 on Monday. The stock has a market cap of C$50.26 billion, a PE ratio of 94.62, a P/E/G ratio of 2.22 and a beta of 1.13. Cameco has a fifty-two week low of C$49.75 and a fifty-two week high of C$123.50. The business has a 50 day moving average price of C$107.34 and a two-hundred day moving average price of C$86.02. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35.

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.