Cameco Co. (TSE:CCO) Stock Has Average Target Price of C$179.11 According to Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned a consensus rating of “Buy” from the fifteen ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$179.61.

A number of research firms have recently weighed in on CCO. Jefferies Financial Group set a C$190.00 price objective on Cameco and gave the company a “buy” rating in a research report on Thursday, September 3rd. UBS Group raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$166.00 target price for the company in a report on Monday, July 27th. TD set a C$190.00 target price on shares of Cameco and gave the stock a “buy” rating in a research note on Thursday. Barclays lowered their price target on shares of Cameco from C$149.00 to C$147.00 in a report on Thursday, July 16th. Finally, Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Monday, July 13th.

Cameco Stock Performance

Shares of CCO opened at C$124.51 on Wednesday. The company has a quick ratio of 3.74, a current ratio of 3.06 and a debt-to-equity ratio of 14.14. The business has a 50-day simple moving average of C$132.49 and a two-hundred day simple moving average of C$144.41. The stock has a market cap of C$54.23 billion, a price-to-earnings ratio of 153.72, a PEG ratio of 2.22 and a beta of 0.94. Cameco has a 52 week low of C$109.89 and a 52 week high of C$182.72.

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.