Cameco Co. (TSE:CCO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$174.85.

CCO has been the topic of several recent research reports. Scotiabank decreased their price target on shares of Cameco from C$155.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Stifel Nicolaus upped their price objective on Cameco from C$165.00 to C$180.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Canaccord Genuity Group decreased their target price on Cameco from C$190.00 to C$185.00 in a report on Tuesday, February 17th. Royal Bank Of Canada lifted their target price on Cameco from C$150.00 to C$160.00 and gave the company an “outperform” rating in a research report on Tuesday, February 17th. Finally, TD Securities lowered Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th.

Cameco Price Performance

TSE CCO opened at C$151.28 on Wednesday. The company has a 50-day moving average price of C$158.71 and a 200-day moving average price of C$138.73. Cameco has a 52 week low of C$49.75 and a 52 week high of C$182.72. The company has a quick ratio of 3.74, a current ratio of 2.47 and a debt-to-equity ratio of 14.82. The firm has a market capitalization of C$65.89 billion, a P/E ratio of 112.06, a PEG ratio of 2.22 and a beta of 0.67.

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

About Cameco

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.