Cameco Co. (TSE:CCO) Receives Average Rating of “Buy” from Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned a consensus recommendation of “Buy” from the fifteen analysts that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, twelve have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$141.08.

A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. CLSA upgraded Cameco to a “moderate buy” rating in a report on Tuesday, September 9th. TD Securities increased their price objective on Cameco from C$142.00 to C$150.00 in a report on Thursday, November 13th. UBS Group raised shares of Cameco to a “hold” rating in a research report on Monday, November 10th. Finally, Scotiabank lifted their target price on shares of Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th.

Cameco Stock Up 2.9%

CCO stock opened at C$124.22 on Monday. Cameco has a 12-month low of C$49.75 and a 12-month high of C$153.59. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The company has a market cap of C$54.09 billion, a price-to-earnings ratio of 102.66, a PEG ratio of 2.22 and a beta of 1.28. The company has a 50 day moving average of C$126.24 and a two-hundred day moving average of C$112.63.

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

Cameco Company Profile

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.