Analysts Set Cameco Co. (TSE:CCO) Price Target at C$85.30

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been given a consensus rating of "Buy" by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$85.30.

Several research analysts recently issued reports on CCO shares. TD Securities decreased their price target on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th.

Cameco Stock Up 2.5 %

CCO stock traded up C$1.60 during midday trading on Friday, hitting C$65.51. The stock had a trading volume of 889,487 shares, compared to its average volume of 1,275,386. The business has a 50-day moving average of C$67.39 and a two-hundred day moving average of C$70.01. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The firm has a market cap of C$28.83 billion, a price-to-earnings ratio of 247.52, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Cameco has a 52-week low of C$48.71 and a 52-week high of C$88.18.

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.