Cameco Co. (TSE:CCO) Stock Has Consensus Price Target of C$179.11 According to Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$179.61.

A number of brokerages have recently commented on CCO. Barclays reduced their target price on shares of Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. UBS Group raised Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price target on the stock in a report on Monday, July 27th. TD set a C$190.00 price target on Cameco and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada set a C$184.00 price target on Cameco and gave the company an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group set a C$190.00 price objective on Cameco and gave the company a “buy” rating in a research note on Thursday, September 3rd.

Cameco Stock Performance

Shares of Cameco stock opened at C$124.51 on Wednesday. The firm’s fifty day simple moving average is C$132.49 and its 200-day simple moving average is C$144.32. The stock has a market capitalization of C$54.23 billion, a price-to-earnings ratio of 153.72, a PEG ratio of 2.22 and a beta of 0.94. Cameco has a 12 month low of C$109.89 and a 12 month high of C$182.72. The company has a debt-to-equity ratio of 14.14, a current ratio of 3.06 and a quick ratio of 3.74.

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.