Cameco Co. (TSE:CCO) Given Average Recommendation of “Buy” by Analysts

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average recommendation of “Buy” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$85.30.

CCO has been the topic of several analyst reports. Eight Capital upped their price target on shares of Cameco from C$80.00 to C$90.00 in a research report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Cameco from C$75.00 to C$90.00 in a research note on Thursday, November 21st. Scotiabank increased their price objective on shares of Cameco from C$80.00 to C$86.00 in a research note on Tuesday, November 19th. BMO Capital Markets increased their price objective on shares of Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th. Finally, TD Securities dropped their target price on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a report on Friday, February 21st.

Insider Activity at Cameco

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total value of C$4,283,000.00. 0.15% of the stock is owned by corporate insiders.

Cameco Stock Performance

Shares of CCO stock opened at C$59.65 on Tuesday. The company’s fifty day simple moving average is C$71.24 and its 200-day simple moving average is C$69.35. The company has a quick ratio of 3.74, a current ratio of 2.88 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$26.25 billion, a PE ratio of 225.38, a P/E/G ratio of 2.22 and a beta of 0.90. Cameco has a 12 month low of C$48.71 and a 12 month high of C$88.18.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.