Cameco (TSE:CCO) Upgraded by UBS Group to Hold Rating

UBS Group upgraded shares of Cameco (TSE:CCO) (NYSE:CCJ) to a hold rating in a research report released on Monday,Zacks.com reports.

Several other analysts also recently weighed in on CCO. TD Securities lifted their target price on shares of Cameco from C$118.00 to C$142.00 in a report on Tuesday, October 21st. National Bankshares lifted their price objective on Cameco from C$140.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on Cameco from C$92.00 to C$115.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Scotiabank lifted their target price on Cameco from C$130.00 to C$150.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, BMO Capital Markets boosted their price target on shares of Cameco from C$130.00 to C$160.00 in a research note on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cameco presently has an average rating of “Buy” and a consensus target price of C$141.24.

Cameco Trading Down 1.0%

TSE:CCO traded down C$1.26 on Monday, hitting C$128.34. The stock had a trading volume of 141,296 shares, compared to its average volume of 1,241,878. The company has a fifty day moving average price of C$121.77 and a two-hundred day moving average price of C$102.78. Cameco has a 1-year low of C$49.75 and a 1-year high of C$153.59. 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 stock has a market cap of C$55.88 billion, a price-to-earnings ratio of 106.07, a PEG ratio of 2.22 and a beta of 1.28.

About Cameco

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.