Cameco (TSE:CCO) Now Covered by Paradigm Capital

Equities researchers at Paradigm Capital initiated coverage on shares of Cameco (TSE:CCO) (NYSE:CCJ) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a C$130.00 price target on the stock. Paradigm Capital‘s target price suggests a potential upside of 24.38% from the company’s previous close.

A number of other brokerages have also commented on CCO. 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. BMO Capital Markets set a C$150.00 target price on Cameco and gave the stock an “outperform” rating in a report on Tuesday, November 3rd. UBS Group raised Cameco from a “hold” rating to a “buy” rating and upped their target price for the stock from C$163.00 to C$166.00 in a research report on Monday, July 27th. Truist Financial upgraded Cameco to a “strong-buy” rating in a report on Monday, July 13th. Finally, National Bank Financial lowered their price target on Cameco from C$184.00 to C$178.00 and set an “outperform” rating on the stock in a report on Monday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$176.44.

Cameco Trading Down 1.7%

Shares of TSE:CCO opened at C$104.52 on Monday. The stock has a market capitalization of C$45.52 billion, a PE ratio of 114.86, a P/E/G ratio of 2.22 and a beta of 1.29. Cameco has a 1 year low of C$92.52 and a 1 year high of C$182.72. The firm has a fifty day moving average price of C$121.26 and a 200 day moving average price of C$142.48. The company has a current ratio of 2.55, a quick ratio of 3.74 and a debt-to-equity ratio of 13.95.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, October 30th. The company reported C($0.01) earnings per share for the quarter. Cameco had a net margin of 11.43% and a return on equity of 5.61%. The company had revenue of C$619.06 million for the quarter.

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.