Cameco Co. (TSE:CCO) Given Average Rating of “Moderate Buy” by Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$174.50.

Several analysts have recently commented on CCO shares. Canadian Imperial Bank of Commerce increased their price objective on Cameco from C$115.00 to C$202.00 in a research note on Monday, March 9th. Desjardins increased their price objective on Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Berenberg Bank lowered their price objective on Cameco from C$201.00 to C$183.00 in a research note on Thursday, February 19th. Raymond James Financial increased their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Finally, National Bank Financial increased their price objective on Cameco from C$175.00 to C$180.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th.

Cameco Stock Performance

Shares of Cameco stock opened at C$141.03 on Monday. The company has a market cap of C$61.42 billion, a PE ratio of 94.65, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. Cameco has a 52 week low of C$88.33 and a 52 week high of C$182.72. The business has a 50 day moving average price of C$155.95 and a 200-day moving average price of C$150.38. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. The firm had revenue of C$845.37 million during the quarter. Cameco had a return on equity of 9.47% and a net margin of 18.39%.

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.