Cameco Co. (TSE:CCO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$175.61.

A number of brokerages recently issued reports on CCO. National Bank Financial boosted their price objective on Cameco from C$175.00 to C$180.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Canaccord Genuity Group increased their target price on shares of Cameco from C$185.00 to C$195.00 in a research report on Wednesday, May 6th. Desjardins lifted their target price on shares of Cameco from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada boosted their price target on shares of Cameco from C$160.00 to C$175.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Truist Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Monday, July 13th.

Cameco Stock Performance

Shares of Cameco stock opened at C$133.46 on Friday. The business’s fifty day simple moving average is C$133.76 and its 200 day simple moving average is C$147.67. The company has a current ratio of 3.06, a quick ratio of 3.74 and a debt-to-equity ratio of 14.14. Cameco has a 12 month low of C$103.08 and a 12 month high of C$182.72. The firm has a market capitalization of C$58.13 billion, a P/E ratio of 164.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.78.

Insiders Place Their Bets

In other Cameco news, insider Alexandre Aubin sold 300 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$148.53, for a total transaction of C$44,559.00. Following the sale, the insider owned 20 shares of the company’s stock, valued at C$2,970.60. The trade was a 93.75% decrease in their position. Corporate insiders own 0.15% of the company’s stock.

About Cameco

Cameco is one of the largest global providers of the uranium fuel needed to power a secure energy future. Our competitive position is based on our controlling ownership of the world’s largest high-grade reserves and low-cost operations, as well as significant investments across the nuclear fuel cycle, including ownership interests in Westinghouse Electric Company and Global Laser Enrichment. Utilities around the world rely on Cameco to provide global nuclear fuel solutions for the generation of safe, reliable, carbon-free nuclear power.