Cameco Co. (TSE:CCO) Given Consensus Recommendation of “Buy” by Brokerages

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$84.80.

Several research firms have recently commented on CCO. Scotiabank cut their price target on Cameco from C$85.00 to C$81.00 and set an “outperform” rating for the company in a research note on Tuesday. 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. Finally, Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th.

Cameco Stock Down 2.7 %

Cameco stock opened at C$61.77 on Friday. The stock has a 50 day moving average of C$67.06 and a two-hundred day moving average of C$70.12. Cameco has a twelve month low of C$48.71 and a twelve month high of C$88.18. The stock has a market capitalization of C$27.19 billion, a price-to-earnings ratio of 233.39, a PEG ratio of 2.22 and a beta of 0.90. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35.

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.