Brokerages Set Cameco Co. (TSE:CCO) PT at C$85.30

Shares of Cameco Co. (TSE:CCO) (NYSE:CCJ) have received a consensus rating of “Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$85.30.

A number of analysts have commented on CCO shares. TD Securities lowered their price target on Cameco from C$91.00 to C$90.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th.

Cameco Trading Up 2.5 %

Cameco stock opened at C$65.51 on Friday. Cameco has a one year low of C$48.71 and a one year high of C$88.18. The stock has a 50-day moving average of C$67.39 and a two-hundred day moving average of C$70.01. 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 stock has a market cap of C$28.83 billion, a PE ratio of 247.52, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90.

About Cameco

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.