Cameco Co. (TSE:CCO) Stock Rated “Buy” by Sell-Side Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average rating of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$179.89.

CCO has been the topic of a number of research reports. Royal Bank Of Canada set a C$184.00 price objective on Cameco and gave the stock an “outperform” rating in a research note on Thursday, September 24th. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 price objective on the stock in a research note on Monday, July 27th. Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a report on Monday, July 13th. Barclays dropped their price target on Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Finally, TD set a C$190.00 target price on Cameco and gave the stock a “buy” rating in a report on Thursday, September 24th.

Cameco Price Performance

Shares of TSE:CCO opened at C$110.55 on Friday. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. Cameco has a fifty-two week low of C$109.64 and a fifty-two week high of C$182.72. The firm has a 50-day simple moving average of C$129.79 and a 200 day simple moving average of C$140.35. The company has a market cap of C$48.15 billion, a PE ratio of 136.48, a P/E/G ratio of 2.22 and a beta of 1.19.

Cameco (TSE:CCO) (NYSE:CCJ) last issued its quarterly earnings data on Friday, July 31st. The company reported C$0.18 earnings per share (EPS) for the quarter. The business had revenue of C$813.77 million during the quarter. Cameco had a return on equity of 5.09% and a net margin of 10.21%.

Cameco Company Profile

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.