Analysts Set Cameco Co. (TSE:CCO) PT at C$83.22

Shares of Cameco Co. (TSE:CCO - Get Free Report) NYSE: CCJ have been given an average recommendation of "Buy" by the eleven research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and five have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$83.22.

Several research firms have commented on CCO. Sanford C. Bernstein raised shares of Cameco to a "strong-buy" rating in a report on Tuesday, April 1st. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins raised shares of Cameco to a "moderate buy" rating in a research note on Thursday, April 3rd. Scotiabank decreased their target price on Cameco from C$85.00 to C$81.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, 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 report on Wednesday, April 2nd.

Cameco Price Performance

CCO traded down C$0.25 on Wednesday, hitting C$57.00. 802,142 shares of the company's stock traded hands, compared to its average volume of 1,243,016. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The company's 50 day simple moving average is C$60.79 and its 200-day simple moving average is C$70.29. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The firm has a market cap of C$25.09 billion, a price-to-earnings ratio of 215.36, a P/E/G ratio of 2.22 and a beta of 0.90.

Cameco Company Profile

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.