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

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have been given an average recommendation of “Buy” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$85.30.

Several equities research analysts recently weighed in on CCO shares. Royal Bank of Canada boosted their target price on Cameco from C$75.00 to C$90.00 in a report on Thursday, November 21st. BMO Capital Markets boosted their price objective on shares of Cameco from C$78.00 to C$84.00 in a research note on Friday, November 8th. TD Securities lowered their target price on shares of Cameco from C$91.00 to C$90.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James lifted their target price on shares of Cameco from C$81.00 to C$88.00 in a report on Friday, November 22nd. Finally, Eight Capital upped their price target on shares of Cameco from C$80.00 to C$90.00 in a report on Friday, November 8th.

Insiders Place Their Bets

In other news, Senior Officer Tim Scott Gitzel sold 50,000 shares of Cameco stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$85.66, for a total transaction of C$4,283,000.00. Company insiders own 0.15% of the company’s stock.

Cameco Stock Performance

CCO opened at C$61.76 on Tuesday. 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 company has a market cap of C$27.18 billion, a PE ratio of 233.35, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The stock has a 50-day moving average of C$72.58 and a 200-day moving average of C$69.11. Cameco has a 52-week low of C$48.71 and a 52-week 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.