Cameco (TSE:CCO) Stock Rating Upgraded by Desjardins

Desjardins upgraded shares of Cameco (TSE:CCO - Free Report) NYSE: CCJ to a moderate buy rating in a report released on Thursday, April 3rd,Zacks.com reports.

Other research analysts also recently issued reports about the company. Sanford C. Bernstein upgraded Cameco to a "strong-buy" rating in a research note on Tuesday, April 1st. Scotiabank decreased their price objective on shares of Cameco from C$85.00 to C$81.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. National Bankshares dropped their price objective on shares of Cameco from C$87.00 to C$81.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, TD Securities cut their price objective on shares of Cameco from C$91.00 to C$90.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Six research analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Cameco currently has an average rating of "Buy" and a consensus target price of C$84.67.

Cameco Stock Performance

TSE:CCO traded down C$2.62 during mid-day trading on Thursday, hitting C$53.91. The stock had a trading volume of 650,542 shares, compared to its average volume of 1,256,738. The company's 50 day simple moving average is C$62.81 and its 200 day simple moving average is C$70.45. The stock has a market cap of C$23.73 billion, a price-to-earnings ratio of 203.69, a PEG ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18.

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.