Cameco Co. (TSE:CCO) Receives Consensus Rating of “Buy” from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus rating of “Buy” from the fifteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$141.30.

A number of equities research analysts have recently commented on CCO shares. Bank of America raised their target price on Cameco from C$130.00 to C$175.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. President Capital raised Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 price objective on the stock in a report on Monday, September 22nd. Stifel Nicolaus boosted their price objective on Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada decreased their target price on Cameco from C$160.00 to C$150.00 in a research report on Thursday, November 13th. Finally, 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 research note on Wednesday, October 29th.

Cameco Stock Performance

CCO opened at C$156.85 on Friday. The firm has a fifty day moving average price of C$128.82 and a 200 day moving average price of C$118.20. Cameco has a 1 year low of C$49.75 and a 1 year high of C$158.85. The stock has a market cap of C$68.29 billion, a P/E ratio of 129.63, a P/E/G ratio of 2.22 and a beta of 1.19. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74.

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

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.