Cameco (TSE:CCO - Get Free Report) NYSE: CCJ was upgraded by stock analysts at Sanford C. Bernstein to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.
A number of other analysts also recently issued reports on CCO. Scotiabank dropped their price target 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. TD Securities dropped their target price 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. National Bankshares decreased their price target on shares of Cameco from C$87.00 to C$81.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Six analysts have rated the stock with a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and an average target price of C$84.20.
View Our Latest Research Report on Cameco
Cameco Price Performance
Shares of Cameco stock traded down C$3.82 during trading on Tuesday, hitting C$53.83. The stock had a trading volume of 1,897,200 shares, compared to its average volume of 1,242,892. The firm has a market cap of C$23.69 billion, a price-to-earnings ratio of 203.39, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18. The business's 50-day moving average is C$64.51 and its 200 day moving average is C$70.58. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.
About Cameco
(
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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.
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