Cameco Co. (TSE:CCO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$174.50.

CCO has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their price target on Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. National Bank Financial boosted their price target on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group boosted their price target on Cameco from C$185.00 to C$195.00 in a research note on Wednesday, May 6th. Finally, Desjardins boosted their price target on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th.

Cameco Price Performance

Shares of CCO stock opened at C$151.07 on Monday. Cameco has a fifty-two week low of C$93.06 and a fifty-two week high of C$182.72. The firm has a market capitalization of C$65.80 billion, a price-to-earnings ratio of 101.39, a PEG ratio of 2.22 and a beta of 0.81. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08. The stock’s 50-day simple moving average is C$155.38 and its 200-day simple moving average is C$151.11.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 earnings per share for the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.The business had revenue of C$845.37 million for the quarter.

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. 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.