Cameco Co. (TSE:CCO) Given Consensus Rating of “Buy” by Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus recommendation of “Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$141.08.

A number of brokerages have recently commented on CCO. TD Securities lifted their price target on shares of Cameco from C$142.00 to C$150.00 in a research note on Thursday, November 13th. CLSA raised shares of Cameco to a “moderate buy” rating in a research report on Tuesday, September 9th. President Capital upgraded shares of Cameco from a “neutral” rating to a “buy” rating and set a C$126.92 target price for the company in a research note on Monday, September 22nd. Stifel Nicolaus raised their price target on Cameco from C$150.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Finally, UBS Group raised Cameco to a “hold” rating in a report on Monday, November 10th.

Cameco Stock Down 0.4%

CCO stock opened at C$127.48 on Monday. The stock has a market capitalization of C$55.51 billion, a P/E ratio of 105.36, a P/E/G ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 20.35, a current ratio of 2.88 and a quick ratio of 3.74. Cameco has a 1-year low of C$49.75 and a 1-year high of C$153.59. The business has a fifty day moving average price of C$126.31 and a 200-day moving average price of C$113.71.

Cameco (TSE:CCO) (NYSE:CCJ) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$0.07 EPS for the quarter. Cameco had a return on equity of 1.89% and a net margin of 4.17%.The company had revenue of C$614.56 million during the quarter.

Cameco Company Profile

Cameco is one of the world’s largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.