Analysts Set Cameco Co. (TSE:CCO) Target Price at C$85.30

Cameco Co. (TSE:CCO) (NYSE:CCJ) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$85.30.

CCO has been the topic of several recent research reports. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. TD Securities reduced their price target on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research report on Friday, February 21st.

Cameco Stock Up 2.5 %

Cameco stock opened at C$65.51 on Friday. The company has a current ratio of 2.88, a quick ratio of 3.74 and a debt-to-equity ratio of 20.35. The firm has a market cap of C$28.83 billion, a price-to-earnings ratio of 247.52, a PEG ratio of 2.22 and a beta of 0.90. The stock has a fifty day simple moving average of C$67.39 and a two-hundred day simple moving average of C$70.01. 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.