Cameco Co. (TSE:CCO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have earned an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$174.50.

A number of brokerages recently commented on CCO. National Bank Financial upped their price target on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. TD Securities lowered shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Raymond James Financial upped their price target on shares of Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus upped their price target on shares of Cameco from C$165.00 to C$180.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th.

Cameco Stock Up 2.2%

Shares of CCO opened at C$147.77 on Thursday. Cameco has a 52 week low of C$79.34 and a 52 week high of C$182.72. The firm has a market cap of C$64.36 billion, a P/E ratio of 99.17, a price-to-earnings-growth ratio of 2.22 and a beta of 0.76. The firm’s 50-day simple moving average is C$155.54 and its 200 day simple moving average is C$147.78. The company has a debt-to-equity ratio of 14.11, a quick ratio of 3.74 and a current ratio of 3.08.

Cameco (TSE:CCO) (NYSE:CCJ) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$0.47 EPS for the quarter. Cameco had a net margin of 18.39% and a return on equity of 9.47%. The business had revenue of C$845.37 million for the quarter.

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. 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.