Cameco Co. (TSE:CCO) Receives Consensus Rating of "Buy" from Analysts

Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ has been given an average rating of "Buy" by the ten brokerages that are covering the company, 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 twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$84.80.

CCO has been the topic of a number of recent research reports. Scotiabank dropped 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. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, TD Securities lowered their price target on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating on the stock in a research note on Friday, February 21st.

Cameco Trading Down 3.1 %

Shares of Cameco stock traded down C$2.00 on Friday, hitting C$63.51. 897,771 shares of the company's stock traded hands, compared to its average volume of 1,268,877. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The firm's 50-day moving average price is C$67.39 and its two-hundred day moving average price is C$70.01. The stock has a market capitalization of C$27.95 billion, a PE ratio of 239.96, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

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.