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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average rating of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$143.99.

A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. TD Securities boosted their target price on shares of Cameco from C$150.00 to C$185.00 in a report on Thursday. National Bankshares upped their target price on shares of Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Raymond James Financial lifted their price target on shares of Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, BMO Capital Markets boosted their price target on shares of Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th.

Cameco Trading Down 0.8%

Shares of CCO stock opened at C$167.87 on Friday. 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 stock has a fifty day simple moving average of C$132.45 and a two-hundred day simple moving average of C$120.45. The firm has a market capitalization of C$73.09 billion, a PE ratio of 138.74, a PEG ratio of 2.22 and a beta of 1.19. Cameco has a 52-week low of C$49.75 and a 52-week high of C$174.25.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The business had revenue of C$614.56 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.