Cameco (TSE:CCO) Upgraded at UBS Group

Cameco (TSE:CCO) (NYSE:CCJ) was upgraded by analysts at UBS Group to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on CCO. Desjardins lifted their price objective on shares of Cameco from C$105.00 to C$110.00 and gave the company a “buy” rating in a research report on Friday, August 1st. National Bankshares boosted their price target on Cameco from C$140.00 to C$145.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Raymond James Financial raised their price target on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Stifel Nicolaus raised their target price on shares of Cameco from C$150.00 to C$165.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Scotiabank upped their price target on shares of Cameco from C$130.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of C$141.24.

Cameco Stock Performance

CCO stock opened at C$129.60 on Monday. Cameco has a 1 year low of C$49.75 and a 1 year high of C$153.59. The stock has a market capitalization of C$56.43 billion, a price-to-earnings ratio of 107.11, a PEG ratio of 2.22 and a beta of 1.28. The company has a debt-to-equity ratio of 20.35, a quick ratio of 3.74 and a current ratio of 2.88. The stock’s fifty day moving average is C$121.77 and its two-hundred day moving average is C$102.78.

About Cameco

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.