Cameco Co. (TSE:CCO) Given Average Rating of “Buy” by Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been given an average rating of “Buy” by the twelve research firms that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$113.46.

Several brokerages have recently issued reports on CCO. Canaccord Genuity Group boosted their price target on shares of Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Raymond James Financial boosted their price target on shares of Cameco from C$115.00 to C$120.00 in a report on Thursday, August 21st. Royal Bank Of Canada boosted their price target on shares of Cameco from C$100.00 to C$110.00 and gave the company an “outperform” rating in a report on Friday, August 1st. BMO Capital Markets boosted their price target on shares of Cameco from C$110.00 to C$120.00 in a report on Friday, August 29th. Finally, National Bankshares boosted their price target on shares of Cameco from C$110.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, August 22nd.

Cameco Stock Performance

Shares of CCO opened at C$121.35 on Wednesday. Cameco has a 1 year low of C$49.75 and a 1 year high of C$128.08. The company has a market cap of C$52.83 billion, a price-to-earnings ratio of 99.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The firm has a fifty day moving average of C$110.25 and a 200-day moving average of C$91.14.

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.