Analysts Set Cameco Co. (TSE:CCO) Price Target at C$82.75

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating and five have given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$82.75.

Several analysts recently commented on the company. Scotiabank lowered their target price on Cameco from C$85.00 to C$81.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Raymond James lowered their target price on shares of Cameco from C$84.00 to C$83.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. National Bankshares reduced their price target on shares of Cameco from C$87.00 to C$81.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. Finally, Canaccord Genuity Group raised their price objective on shares of Cameco from C$82.50 to C$83.50 and gave the company a “buy” rating in a research note on Friday, May 2nd.

Cameco Price Performance

TSE CCO opened at C$72.41 on Friday. The company has a 50-day moving average price of C$60.70 and a two-hundred day moving average price of C$69.34. Cameco has a 52 week low of C$48.71 and a 52 week high of C$88.18. The stock has a market cap of C$31.87 billion, a price-to-earnings ratio of 273.59, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.