Cameco Co. (TSE:CCO) Receives Average Recommendation of “Buy” from Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has received an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$172.76.

A number of equities analysts recently issued reports on the company. Canaccord Genuity Group decreased their price objective on Cameco from C$190.00 to C$185.00 in a report on Tuesday, February 17th. Stifel Nicolaus boosted their price target on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. UBS Group raised Cameco to a “hold” rating in a research note on Monday, November 10th. TD Securities raised their price target on Cameco from C$150.00 to C$185.00 in a report on Thursday, January 22nd. Finally, National Bank Financial lifted their price objective on shares of Cameco from C$145.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, February 6th.

Cameco Stock Down 4.6%

Cameco stock opened at C$149.02 on Friday. The company has a debt-to-equity ratio of 14.82, a quick ratio of 3.74 and a current ratio of 2.47. Cameco has a one year low of C$49.75 and a one year high of C$182.72. The company has a 50-day simple moving average of C$156.84 and a 200-day simple moving average of C$132.98. The firm has a market capitalization of C$64.90 billion, a P/E ratio of 110.39, a P/E/G ratio of 2.22 and a beta of 0.67.

Cameco (TSE:CCO) (NYSE:CCJ) last posted its earnings results on Friday, February 13th. The company reported C$0.50 earnings per share (EPS) for the quarter. Cameco had a net margin of 16.93% and a return on equity of 8.76%. The firm had revenue of C$1.20 billion during 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.