Cameco Co. (TSE:CCO) Stock Has Consensus Price Target of C$179.89

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned a consensus recommendation of “Buy” from the fifteen research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$179.89.

Several analysts have recently issued reports on the company. Barclays reduced their price objective on Cameco from C$149.00 to C$147.00 in a research note on Thursday, July 16th. Royal Bank Of Canada set a C$184.00 target price on Cameco and gave the stock an “outperform” rating in a research note on Thursday, September 24th. Truist Financial upgraded Cameco to a “strong-buy” rating in a report on Monday, July 13th. National Bank Financial set a C$185.00 price target on Cameco and gave the stock an “outperform” rating in a report on Monday, October 5th. Finally, TD set a C$190.00 target price on shares of Cameco and gave the company a “buy” rating in a report on Thursday, September 24th.

Cameco Stock Down 0.6%

TSE:CCO opened at C$113.15 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The stock’s fifty day moving average is C$130.76 and its two-hundred day moving average is C$140.96. Cameco has a 52 week low of C$109.89 and a 52 week high of C$182.72. The stock has a market capitalization of C$49.28 billion, a price-to-earnings ratio of 139.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. The firm had revenue of C$813.77 million for the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.