Cameco (TSE:CCO) Upgraded to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a strong-buy rating in a research note released on Wednesday,Zacks.com reports.

CCO has been the subject of several other reports. Raymond James upped their price target on Cameco from C$81.00 to C$88.00 in a research note on Friday, November 22nd. Royal Bank of Canada upped their price objective on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. Scotiabank upped their price objective on Cameco from C$80.00 to C$86.00 in a report on Tuesday, November 19th. Finally, TD Securities decreased their price objective on Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Six analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average price target of C$85.30.

Cameco Trading Up 1.1 %

CCO stock opened at C$60.96 on Wednesday. Cameco has a 1-year low of C$48.71 and a 1-year high of C$88.18. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. The company has a market capitalization of C$26.83 billion, a price-to-earnings ratio of 230.33, a PEG ratio of 2.22 and a beta of 0.90. The business has a 50 day simple moving average of C$68.60 and a two-hundred day simple moving average of C$69.63.

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.