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

Cameco Co. (TSE:CCO) (NYSE:CCJ) has earned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$174.50.

Several analysts have recently weighed in on CCO shares. Desjardins upped their price objective on Cameco from C$185.00 to C$190.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce upped their price objective on Cameco from C$115.00 to C$202.00 in a report on Monday, March 9th. Barclays set a C$149.00 target price on Cameco and gave the company an “equal weight” rating in a report on Friday, May 22nd. Canaccord Genuity Group upped their target price on Cameco from C$185.00 to C$195.00 in a report on Wednesday, May 6th. Finally, William Blair raised Cameco to a “strong-buy” rating in a report on Monday, April 20th.

Cameco Stock Performance

Shares of Cameco stock opened at C$151.07 on Monday. The company has a quick ratio of 3.74, a current ratio of 3.08 and a debt-to-equity ratio of 14.11. The firm has a market cap of C$65.80 billion, a price-to-earnings ratio of 101.39, a price-to-earnings-growth ratio of 2.22 and a beta of 0.81. The business has a fifty day simple moving average of C$155.38 and a 200-day simple moving average of C$151.32. Cameco has a fifty-two week low of C$93.06 and a fifty-two week high of C$182.72.

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

Cameco Company Profile

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.